PHILIPPINE ECOZONES ASSOCIATION


         

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Government Incentives


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Fiscal & Non-Fiscal Incentives

Comparative Matrix of INCENTIVES Granted By:
PEZA & BOI


  
INCENTIVES
BOARD OF INVESTMENTS
(BOI) Registered Companies)


PHILIPPINE ECONOMIC ZONE (PEZA) Registered Companies

 

Income Tax Holiday


A. 6 yrs -Pioneer Status
B. 4 yrs - Non Pioneer Status
C. 3 yrs - Expansion Projects
D. 6 yrs - New or Expansion Projects in “Less Developed Areas”
E. Limitations to ITH:

1. Applicable only to export trade income derived from export of new products of export to new markets

2. additional year for cases where the:
  (1) net foreign exchange savings of earnings amount to at least US $500,000 annually during the first 3 years of operation;
  (2) ratio of local, imported & domestic capital equipment to the number of workers does not exceed US $ 10,000 per worker and
  (3) where the raw materials used in the manufacture of the registered products are at least 50% of the total cost of the raw materials.

 


6 years for expansion,
non pioneer and pioneer projects

 


Income Tax, After Tax Holiday

National Internal Revenue Code applies


Special Tax Rate: 5% of gross Income Earned (defined as gross revenues less sales discounts, sales returns and allowances; direct salaries, goods in procces, finished

 


Tax & Duty Free Importation

Importaion of Spare Parts

Importation of capital equipment, raw materials, supplies, breeding stocks and genetic materials

Exemption from Dues &
Taxes

From wharfage dues and export tax duty, impost and fees for 10 years

From wharfage dues and export tax, and import fees

Tax Free

Importation of breeding stocks and genetic materials


Importation of breeding stocks and genetic materials

Tax Credit

 

  1. On domestic capital equipment and/ or spare parts
  2. On tax and duty portionof domestic stocks and genetic materials
  3. On raw materials and supplies

 


  1. On domestic capital equipment, breeding stocks and genetic materials
  2. On importation substitution

Additional Deduction

 

  1. From taxable income for labor expense (ADLE)
  2. From taxable income for necessary and major infrastructure works

For incremental labor expenses and training expenses

Permanent Resident Status

For foreign investors and immediate family

For foreign investors and immediate family

Employment of Foreign
Nationals

Yes

Yes

Simplified Documentation

Yes

Yes

Consigned Equipment

Importation of consigned equipment for an unlimited period


Unrestricted use of consigned
equipment

 

Other Privleges

Operate bonded manufacturing/ trading warehouse


Remittance of earnings without prior approval from the Central Bank

 

 

Philippine Ecozone Authority Board of Investments Philippine Government Official Site Department of Trade & Industry
PEZA BOI Philippine Website DTI
Securities & Exchange Commission Bureau of Internal Revenue Department of Environment & Natural Resources Bureau of Customs
SEC BIR DENR BOC


 

PHILEA DESK-OFFICE

One Stop Action Center, Board Of Investments (BOI) GF BOI Bldg.,
385 Sen. Gil Puyat Ave., Makati City, Phils. 1200
Tel. Nos. (63-2) 896-3392; Mobile: (0917) 930-7113
E-mail: philea@pacific.net.ph; Website: www.philea.com.ph

 

  


PHILEA
ECOZONE-DEVELOPERS

 


Aboitiz Land, Inc.
Bacnotan Industrial Park Corp.
Calamba Premiere Int'l Park
Carmelray Industrial Corp.
Filinvest Land, Inc.
First Batangas Ind'l Park, Inc.
First Cavite Industrial Estate
First Philippine Ind'l Park, Inc.
Gateway Property Holdings, Inc.
Greenfield Development Corp.
Laguna Technopark, Inc.
Lima Land, Inc.
Luisita Industrial Park Corp.
MacroAsia Development Corp.
Mactan Export Processing Zone II
Philippine Townships, Inc.
Science Park of the Phils., Inc.
Starworld Corporation
Victoria Wave Limited, Inc.
 

THE PHILIPPINES

 

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