The Subic Bay Metropolitan Authority (SBMA), in coordination with the Business and Investment Department for Manufacturing and Maritime, organized a tax webinar for SBMA board members and officers. MAA led the briefing on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act (Title XIII) and VAT updates. SBMA Chairman and Administrator Atty. Wilma T. Eisma delivered the opening remarks.AA presenting at the webinar
MAA discussed the recently released implementing rules and regulations of the Act, specifically Title XIII. She then explained the amendments and tax reduction rates it introduced. She also provided VAT updates per the newly released Revenue Regulations No. 9-2021. SBMA Senior Deputy Administrator for Business and Investment Mr. Renato W. Lee III delivered the closing remarks.
Engr. Panfilo S. Jurilla, SBMA Representative to the TWG-SIPP, CREATE and Head of the Business and Investment Department for Information and Communications Technology, hosted the webinar. SGV Tax Associate Director Michael Ray Lapasaran, Senior Associates Atty. Maria Clara Theresa David and Atty. John Marti Duya, and Associate Brevin Perez were part of the organizing team.