The Subic Bay Freeport Chamber of Commerce (SBFCC) organized a webinar titled Mixer: Updates on the Newly Ratified Bicameral Version of the CREATE Bill on 3 March. SBFCC President Benjamin E. Antonio III delivered the opening remarks and welcomed over 90 participants from SBFCC member companies, including SGV Clark Head Jose Pepito E. Zabat (JEZ).
SBFCC Director Peter Tumanda introduced Tax Partner Hentje Leo L. Leaño (LLL), who led a discussion on the salient provisions of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, its proposed adjustments in corporate tax and rationalization of fiscal incentives. Emphasizing the bill’s salient provisions and possible impact on Subic Bay Metropolitan Authority (SBMA) locators, he shared insights on how businesses can prepare for and maximize the incentives of the proposed tax reforms.
The webinar concluded with an open forum where LLL and Mr. Antonio addressed participants’ questions. SBFCC Executive Director Donna May Tamayo hosted the event.