Manila, June 2 -- The Department of Trade and Industry (DTI), through its Export Marketing Bureau, awarded the first batch of Export-Oriented Enterprise (EOE) certificates to four companies that met the 70-percent export sales threshold under the Republic Act 12066, or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

The first recipients of EOE certificates were Dole Philippines, Inc., Philsaga Mining Corp., Krystle Exports Phil., Inc., and Bosch Service Solutions, Inc. They are entitled to value-added tax (VAT) zero rating on local purchases and VAT-exempt importation of goods directly attributable to their export activities.

The tax perks, valid for o...