PRESIDENT Rodrigo Duterte has signed the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) into law, Presidential spokesman Harry Roque Jr. announced on Friday.

According to Roque, Duterte vetoed some provisions of the Republic Act 11534 or the CREATE Act, which aims to reduce corporate income tax in a bid to help the economy recover amid the impact of the coronavirus disease 2019 (Covid-19) pandemic.