The Philippines President, Rodrigo Duterte, signed Memorandum Order No. 61 on 24 May 2022, which approves the 2022 Strategic Investment Priority Plan (SIPP). Memorandum Order No. 61 was published in the Official Gazette on 26 May 2022 and enters into force 15 days after its publication. The SIPP establishes the different activities for which tax incentives may be granted as per the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. The activities are broken down into three t…