{"id":12254,"date":"2025-05-20T08:11:50","date_gmt":"2025-05-20T06:11:50","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12254"},"modified":"2025-05-20T08:11:50","modified_gmt":"2025-05-20T06:11:50","slug":"addressing-foreign-investor-concerns-key-provisions-to-enhance-confidence","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/20\/addressing-foreign-investor-concerns-key-provisions-to-enhance-confidence\/","title":{"rendered":"Addressing Foreign Investor Concerns: Key Provisions to Enhance Confidence"},"content":{"rendered":"

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By Mon Abrea<\/strong><\/p>\n

The legislation of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) signifies yet another milestone in the Philippines\u2019 continuous endeavor to upgrade its tax framework, enhance its attractiveness to investors, and align with international benchmarks. Building on the foundational reforms initiated through CREATE, this new law not only rationalizes incentives and enhances transparency but also directly addresses the primary concerns of foreign investors and multinational corporations (MNCs).<\/span><\/p>\n

During our series of international roadshows last year \u2014 spanning over 15 nations and engaging hundreds of business leaders, diplomatic missions, and commerce chambers \u2014 two recurring themes surfaced: the necessity for improved taxpayer assistance for registered business enterprises (RBEs) and the pressing resolution of VAT refund challenges. CREATE MORE responds to these issues, thanks to the collective insights of our global partners.<\/span><\/p>\n

As a part of this ongoing initiative, the <\/span>Asian Consulting Group (ACG) actively partners with key government entities, particularly the Senate Ways and Means Committee and the Senate Tax Study and Research Office, to formulate responsive and strategic tax policy reform. The success of the roadshow was facilitated by the robust support of the Department of Trade and Industry (DTI), Board of Investments (BoI), Philippine Economic Zone Authority (PEZA), and Philippine Trade and Investment Centers (PTIC) throughout Asia, Oceania, the Middle East, Europe, the United States, and Canada, along with our Philippine Embassies and Consulate General Offices. It was also propelled by collaborations with foreign chambers and prominent business organizations in Manila and globally. This unprecedented cooperation illustrates the Philippines\u2019 united commitment to boosting investor trust and fostering a globally competitive tax landscape.<\/span><\/p>\n

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  1. Establishment of the RBE Taxpayer Service<\/b><\/li>\n<\/ol>\n

    One of the most appreciated aspects of CREATE MORE is the establishment of a dedicated RBE Taxpayer Service. For years, foreign investors and locators in Philippine economic zones expressed their dissatisfaction over inconsistencies in tax administration, delays in rulings, and absence of a centralized coordination point with the BIR.<\/span><\/p>\n

    The RBE Taxpayer Service serves as a direct reaction to this issue. It creates a specialized branch within the Bureau of Internal Revenue (BIR) designated specifically to manage the tax-related requirements of registered business enterprises, especially regarding their filing and payment obligations. This service will:<\/span><\/p>\n