00:00Finance Secretary and Fiscal Incentives Review Board Chairperson Ralph G. Recto
00:05praised the recent passage of the Corporate Recovery and Tax Incentives
00:10for enterprises to maximize opportunities for reinvigorating the economy.
00:15Republic Act No. 12066, known as the Create More CT,
00:21enhances the Philippines' tax incentive system, making it more competitive globally,
00:27investment-friendly, predictable, and transparent.
00:30President Ferdinand R. Marcos, Jr. said that by unlocking new opportunities,
00:35we encourage businesses to reinvest, expand the workplace, and create a lasting impact
00:41for future generations. One of the key highlights of the law is a more competitive and attractive
00:48incentive package for strategic and highly sought-after investments.
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