Marcos Expected to Sign CREATE MORE Bill on November 11 – Escudero

President Ferdinand “Bongbong” Marcos Jr. is set to sign the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) bill into law on November 11, according to Senate President Francis “Chiz” Escudero.

Speaking at a business forum, Escudero confirmed that the bill has been transmitted to Malacañang and will likely be signed without significant changes. The CREATE MORE bill, a priority measure for the administration, aims to attract more investors by lowering the corporate income tax for domestic and foreign companies from 25% to 20% and streamlining the value-added tax (VAT) refund process.

Escudero expressed confidence that the bicameral version of the bill will be approved, noting that it had been closely coordinated with the Office of the President to avoid any further delays.