Manila, Feb. 17 -- Government agencies signed on Monday the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

The IRR of Republic Act 12066, signed by Finance Secretary and Fiscal and Incentives Review Board (FIRB) chair Ralph Recto and Department of Trade and Industry (DTI) Secretary and FIRB vo-Chair Ma. Cristina Roque, clarifies and refines the provisions the law's smooth implementation.

Present during the signing rites were Senator Sherwin Gatchalian, and FIRB Board Members Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go and National Economic and Development Aut...