MANILA, Philippines — Investments in Philippine economic zones rose in the first quarter just as a bill cutting tax incentives was enacted. Did investors scramble to lock in perks before the measure is enforced or are they simply unfazed by the law? That fight had already been lost with the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act passed last March. But it could also be that worried investors have moved to quickly secure tax perks as they stand now just before CREATE rules can be enforced. Last year, when the pandemic put investors on the sidelines, investments to PEZA plummeted to a 14-year-low of P95.03 billion.

Source: Philippine Star May 12, 2021 07:18 UTC