Tax Notes
CREATE MORE: Reduced Income Tax Rates for RBEs and Additional Allowable Deductions to Gross Income
Pursuant to the enactment of Republic Act (R.A.) No. 12066, otherwise known as the CREATE MORE (Maximize Opportunities for Reinvigorating the Economy) Act, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 7-2025 to implement the reduced income tax rates for domestic and resident and resident foreign corporations classified as Registered Business Enterprises (RBEs) under the Enhanced Deduction Regime (EDR) and additional allowable deductions from gross income under Section 34(C)(8) of the Tax Code.