The Philippine Economic Zone Authority (PEZA) and the Fiscal Review and Incentives Board (FIRB) recently conducted a Private Sector Consultation last 10 December 2024 at the PEZA Head Office, Pasay City to discuss the Implementing Rules and Regulations (IRR) of the newly passed CREATE MORE Act.
Key topics of the discussion included enhanced incentive packages, the incentive availment process, transitory provisions, alternative work arrangements, and other crucial changes under the new law.
PEZA Director General Tereso O. Panga emphasized that "As an enabler of business and industries, we cannot be good only in investment promotion, but equally important in investment facilitation. Beyond regulatory implementation, we see ourselves as your partners in fostering innovation, competitiveness, and sustainable growth for the Philippine economy."
"Together with our fellow IPAs and partner agencies, we are committed to
enhance our ease of doing business (EODB) measures and ensure that our RBEs fully enjoy the incentives as promised to them under CREATE and CREATE MORE laws," the Director General added.
#PEZA #CREATEMORE #FIRB
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