Corporate Recovery and Tax Incentives for Enterprises Act

The Bureau of Internal Revenue issued Revenue Memorandum Circular No. 67-2021 that clarifies issues relative to the Temporary Reduction of Percentage Tax Rate Imposed under Section 116 of the National Revenue Code of 1997, as amended (TAX Code) by Sec. 13 of R.A. No. 11534, otherwise known as the ”Corporate Recovery and Tax Incentives for Enterprises Act” (CREATE). Please click here for a copy of the RMC No. 67-2021.