The Subic Bay Metropolitan Authority (SBMA) organized the Briefing on CREATE Title XIII and VAT Updates on 13 July. SBMA Chairman and Administrator Atty. Wilma T. Eisma opened the session with a prayer. He then welcomed over 400 participants from Subic locators and organizations based in nearby provinces, including SGV Clark Head and Assurance Partner Jose Pepito E. Zabat (JEZ).MAA presenting at the briefing
Tax Partner Margaux A. Advincula (MAA) discussed the recently released Implementing Rules and Regulations of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act), specifically Title XIII. She provided VAT updates, particularly the ones introduced by Revenue Regulations No. 9-2021. SBMA Senior Deputy Administrator for Business and Investment Renato W. Lee III then delivered the closing remarks.
The webinar was hosted by Engr. Panfilo S. Jurilla, SBMA Representative to the TWG-SIPP and CREATE and Head of the Business and Investment Department for Information and Communications Technology. Tax Associate Director Michael Ray Lapasaran, Senior Associates Maria Clara Theresa David and John Marti Duya, and Associate Brevin Perez were part of the organizing team.