SGV Clark Tax Partners Hentje Leo L. Leaño (LLL) and Margaux A. Advincula (MAA) were among the speakers at a tax webinar titled Enrolled CREATE Bill: What’s new and what has changed? last 11 March. The webinar was co-organized by the Clark Investors and Locators Association (CILA). CILA Chairman Dr. Ireneo Alvaro, Jr. welcomed over 300 representatives from CILA member companies to the event.
SGV Clark Head Jose Pepito E. Zabat (JEZ) then introduced LLL and MAA who discussed the salient provisions of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. They covered the Act’s adjustments in corporate tax, other taxes and the rationalization of fiscal incentives. They then spoke on how the proposed tax reforms may affect CILA member companies and shared insights on how businesses can prepare for and maximize the incentives of the proposed tax reforms.
The webinar concluded with an open forum led by the speakers and CILA Advocacy Committee Chairperson and Former President Dr. Francisco L. Villanueva, Jr. Tax Associate Director Michael Ray Lapasaran moderated the event.