The Philippine Institute of Certified Public Accountants (PICPA) Chapters of Angeles City, Aurora, Bataan, Bulacan, Cabanatuan, Freeport Area of Bataan, Nueva Ecija, Olongapo, Pampanga and Tarlac organized a webinar titled CREATE Act with focus on VAT and its impact to Registered Business Enterprises (RBEs) last 15 July. PICPA Angeles City Chapter President Ms. Julyn Nyril Tiatco-Santos gave the opening remarks and welcomed over 300 participants. PICPA Nueva Ecija Chapter EVP Aileen Fae Africa introduced the speakers, SGV Clark Tax Partner Hentje Leo L. Leaño (LLL) and Tax Associate Director Michael Laparasan.
They discussed the salient features of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, focusing on its VAT provisions and the VAT impact of the rules under Revenue Regulations (RR) No. 9-2021. They also explained its impact on RBEs and their suppliers.
The webinar concluded with an open forum where the speakers addressed the participants’ questions. Tax Associate Brevin Perez was part of the webinar’s organizing team.