00:00The Department of Trade and Industry, or DTI, lauds President Ferdinand R. Marcos Jr. and
00:05the Congress following the signing of corporate recovery and tax incentives for enterprises
00:11maximize opportunities for reinvigorating the economy, or Create More Act, describing
00:17it as a game-changing legislation set to reshape the economy.
00:22Republic Act 12066, or the Create More Act, makes the country's tax incentives regime
00:28more globally competitive, investment-friendly, predictable, and accountable.
00:34The DTI stated this will help boost investor confidence and promote growth by enhancing
00:39transparency, efficiency, and predictability in the business environment.
00:43The DTI also highlighted the streamlined value-added tax, or VAT, procedures would
00:48facilitate easier compliance and lessen administrative burdens for foreign businesses.
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