CCO talks about CREATE-ing Opportunities at PRA meeting

SGV Tax Partner Cheryl C. Ong (CCO) was one of the speakers at the Philippine Retailers Association (PRA) General Membership Meeting last 23 October. The meeting featured discussions on Philippine economic updates, data privacy guidance on contact tracing, tax updates and digital transformation solutions. Keynote speakers included Commissioner Raymund Liboro of the National Privacy Commission and Assistant Secretary Tony Lambino of the Department of Finance.

CCO presenting at the PRA meeting

CCO led a session titled CREATE-ing Opportunities on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill. She provided an overview of the Tax Reform Package 2 and discussed the salient features of the CREATE bill, emphasizing its proposed adjustments in corporate tax and rationalization of fiscal incentives. She also provided insights on the next steps and strategies companies can consider to maximize the proposed tax incentives.