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Understanding the CREATE MORE Bill (2024): A Boost for the Philippine Economy


The Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) bill is a significant legislative effort aimed at revitalizing the Philippine economy. Recently passed by the Senate on September 10, 2024, this bill introduces several key measures designed to attract investments, support businesses, and create jobs. Let’s dive into the highlights, particularly focusing on the requirements for the BPO sector and the new tax reductions and incentives.




CREATE MORE Bill 2024 Philippines

Bringing Back the BPO Workforce

One of the notable provisions of the CREATE MORE bill is the requirement for Business Process Outsourcing (BPO) companies to have at least 50% of their workforce back in the office. This move aims to balance the benefits of remote work with the need for in-person collaboration and office space utilization. Here are the key points:

New Tax Reductions and Incentives

The CREATE MORE bill also introduces several tax reductions and incentives to make the Philippines a more attractive destination for investments. Here are the key highlights:

Economic Impact

The CREATE MORE bill is expected to create a ripple effect that includes job generation, improved living standards, lower prices for goods and services, and enhanced infrastructure. By making the Philippines a more attractive destination for investors, the bill supports the country’s economic growth and recovery.

This comprehensive approach of the CREATE MORE bill aims to strike a balance between supporting businesses and ensuring economic stability. By mandating a partial return to the office for BPOs and introducing significant tax reductions and incentives, the bill sets the stage for a more robust and resilient Philippine economy.


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