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Are you registered or planning to register under an incentive-giving law to avail of fiscal and non-fiscal incentives? If yes, do you know how the work-from-home (WFH) set-up and the bill on Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) may impact you?
The operations of ecozone-registered enterprises have drastically changed from the time the government has imposed the nationwide quarantine to the gradual lifting of mobility restrictions, and until the recent reversion of certain areas to modified enhanced community quarantine. While there remains uncertainty on how businesses will operate moving forward, businesses have also started or are starting to adapt to the new normal and are preparing for possible tax law changes. In both of these, awareness and planning are the key.