Nordic Chamber of Commerce of the Philippines
  • Services
  • Members
    ▼
    • List of Members
    • Become a Member
  • Doing Business in the Philippines
    ▼
    • Philippines Country Profile
    • Trade and Investments
      ▼
      • Sector in Focus: Pharma & Healthcare
      • Sector in Focus: IT – BPO
      • Other Sectors
  • Events
  • About Us
    ▼
    • Vacancies
  • Contact

Nordic Chamber of Commerce of the Philippines

  • Services
  • Members
    • List of Members
    • Become a Member
  • Doing Business in the Philippines
    • Philippines Country Profile
    • Trade and Investments
      • Sector in Focus: Pharma & Healthcare
      • Sector in Focus: IT – BPO
      • Other Sectors
  • Events
  • About Us
    • Vacancies
  • Contact
BECOME A MEMBER
Home Events June 2: Let’s Talk About C.R.E.A.T.E. with SGV
  • Services
  • Members
    • List of Members
    • Become a Member
  • Doing Business in the Philippines
    • Philippines Country Profile
    • Trade and Investments
      • Sector in Focus: Pharma & Healthcare
      • Sector in Focus: IT – BPO
      • Other Sectors
  • Events
  • About Us
    • Vacancies
  • Contact

June 2: Let’s Talk About C.R.E.A.T.E. with SGV

May 31, 2020 by NordCham

The Corporate Recovery and Tax Incentives for Enterprises Act (“CREATE”), is the proposed repackaged bill on the Corporate Income Tax and Incentives Reform Act (“CITIRA”), intended to make it more responsive to the economic impact of the COVID-19 pandemic and to improve the ability of the Philippines to attract highly desirable investments. The revised measure aims to grant an immediate reduction of the corporate income tax rate from 30% to 25%, extended net operating loss carry-over (NOLCO) of up to five years, and longer transition / sunset period for existing firms receiving incentives. For existing PEZA-registered and other enterprises enjoying tax incentives, there will be no change in the present incentives for the next four to nine years.

The original CITIRA aims to gradually reduce corporate income tax rates and redesign existing fiscal tax incentives with a transition period of two to seven years for existing firms enjoying incentives. The CITIRA House version was approved on 3rd and final reading by the House of Representatives on September 13, 2019. Last February 17, 2020, the Senate Committee on Ways and Means filed Senate Bill No. 1357, the Senate’s version of the CITIRA, and on March 9, 2020, the bill was certified as urgent by the President.

The talk will focus on the key important features of the proposed bill alongside the CITIRA House and Senate version.

Admission Fee:

FREE for NordCham Members for this session

500 PHP for non-members for this session

Event Details
Location: ZOOM: Register and WebLink will be sent to youDate: June 2, 2020Time: 10:00 am - 11:30 am
Admission Fees
Member Fee: FreeGuest Fee: 500 PHPSIGN UP
Event Speaker/s

Atty. Thyrza F. Marbas

Partner, Business Tax Services at SGV & Co.

Thyrza is a Tax partner. She has diverse experience in providing business tax services to clients from the power, manufacturing, consumer products, tobacco, business process outsourcing (BPO), automotive and agricultural industries. She was a Tax Quality Reviewer for EY Vietnam. She is also an active facilitator for SGV’s training programs and a speaker for SGV’s public tax seminars.

Thyrza completed her Bachelor of Science degree in Accountancy at the Ateneo de Davao University, where she also obtained her Juris Doctor degree. Thyrza is a CPA-lawyer. She is a recipient of the SGV Special Award twice, first in 2015 and another in 2018 as a team member.

Filed Under: Events Tagged With: BusinessAsUnusual, Corporate Recovery, COVID-19, nordcham, SGV, Tax, Webinar

Events

No events found

Contact Us

Nordic Chamber of Commerce of the Philippines, Inc.

219 Spaces Makati
928 Antonio Arnaiz Avenue
Makati City Philippines 1223
T: +63 2 396 5651
E: events@nordcham.com.ph

Quick Links

  • Services
  • Members
  • Events
  • Contact
  • Sitemap

Contact Us

Address
219 Spaces Makati
928 Antonio Arnaiz Avenue
Makati City Philippines 1223
Phone
+63 2 396 5651
Email
events@nordcham.com.ph

© 2016 Nordic Chamber of Commerce of the Philippines All Rights Reserved.