House won’t yield on key provisions of Create More

Quick Summary:

THE House of Representatives will stand firm on several key issues as it heads into bicameral conference committee discussions on the proposed Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, according to the chairman of the House Committee on Ways and Means.

Salceda emphasized the importance of empowering LGUs to adjust tax rates downward, noting that this falls under their fiscal autonomy.

Salceda also raised concern about the treatment of local tax rates under the Registered Business Enterprise Local Tax (RBELT) proposal.

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Article Details

Author / Journalist: Jovee Marie N. de la Cruz

Category: BusinessStartups

Markets: Philippines

Topics: Version Contingent House Senate Issues Committee Rates Fiscal Salceda Create Proposed

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 16:08:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22299415

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 9 hours ago

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