Duterte-era law bonanza? 99,000 new jobs expected | Inquirer Business

MANILA — More than 99,000 new jobs are expected to be created by new investments approved under the Duterte-era corporate tax reform law. As of October 2023, a total of 910 projects with a combined worth of P1.02 trillion are poised to receive tax incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, data released on Thursday by the Department of Finance (DOF) showed. Those investments are expected to generate 99,400 jobs during the limited time that they are able to enjoy the fiscal perks from the government, according to the DOF. Of the 910 projects, 49 investments amounting to P817 billion were given the green light by the Fiscal Incentives Review Board, which is in charge…