The Philippine Department of Finance has announced the enactment of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (Create More) Act (Republic Act No. 12066), which was signed on 11 November 2024. As previously reported, the Create More Act includes a reduced corporate tax rate of 20% for qualifying enterprises taking advantage of the enhanced deductions regime (EDR) incentive, extended and increased EDR deductions, and othe…