03-06-2025
DTI certifies 4 companies as 1st export-oriented firms under CREATE MORE
The Department of Trade and Industry (DTI) on Tuesday announced it has certified the first four companies as Export-Oriented Enterprises (EOEs) under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) law.
The first four companies awarded with EOE certifications are as follows:
Dole Philippines Inc. (Est. 1963): A global leader in tropical fruit exports, Dole cultivates vast plantations across Mindanao and Luzon, supplying fresh and processed pineapples and juices to markets in the Americas, Europe, and Asia. The company is also expanding into sustainable agriculture and biofuel production.
Philsaga Mining Corporation (PMC) (Est. 2001): PMC operates the Coo Gold Mine in Agusan del Sur, extracting over 900,000 metric tons of ore annually.
Krystle Exports Philippines, Inc. (Est. 1987): Krystle Exports is a distributor of premium Filipino food and non-food products. It also partners with local manufacturers to deliver high-quality goods to the US, Hong Kong, and the Middle East.
Bosch Service Solutions Inc. (Est. 2010): Based in Taguig City, Bosch provides Business Process Outsourcing and customer experience services to global clients, including the Bosch Group.
The DTI said its Export Marketing Bureau (EMB) facilitated the ceremonial awarding of EOE certificates to the first four companies.
The EOE certification, it said, signifies the implementation rollout of the CREATE MORE Act's VAT-related incentives for exporters.
The Trade Department said the certification grants eligible enterprises access to critical tax benefits that reduce operational costs and fuel reinvestment in innovation and expansion.
'This landmark initiative marks more than a policy breakthrough—it signals our readiness to compete, scale, and lead in the global market. By strengthening the ability of our exporters to expand their reach, we are also generating jobs, and driving inclusive economic growth,' said Trade Secretary Cristina Roque.
'This commitment advances President Ferdinand R. Marcos Jr. vision for a 'Bagong Pilipinas,' as we build a more agile and opportunity-rich environment for Filipino exporters through the strategic incentives of the CREATE MORE Act,' added Roque.
The Republic Act No. 12066 or CREATE MORE Act was signed into law on November 8, 2024.
Under the law, qualified companies may be certified as EOEs if at least 70% of their annual sales come from export transactions.
Once certified, EOEs gain access to VAT zero-rating on local purchases of goods and services, as well as VAT-exempt importation of goods directly used in export activities.
These targeted incentives significantly lower the cost of doing business, allowing exporters to scale operations, enhance product quality, and compete more effectively in international markets, according to the DTI.
The Trade Department called on eligible exporters to apply for EOE certification and 'fully leverage the performance-based benefits under the CREATE MORE Act.' —Ted Cordero/RF, GMA Integrated News
