CLASSIFICATIONS

      

INCENTIVES for IT COMPANIES/LOCATORS LOCATING IN THE ADVERTISED BUILDINGS

PHILIPPINE ECONOMIC ZONE AUTHORITY (PEZA)

        1. Income Tax Holiday (ITH) or Exemption from Corporate Income Tax for             four years; After the ITH  period, the option to pay a special 5% Tax             on Gross Income, in lieu of all national and local taxes

        2. Domestic sales allowance equivalent to 30% of total sales

        3. Permanent resident status for foreign investors and immediate family             members

        4. Employment of foreign nationals

        5. Simplified import and export procedures

        6. Other incentives under Executive Order 226 (Omnibus Investment Code             of 1987), as may be determined by the PEZA Board

        
       

BOARD OF INVESTMENTS (BOI)

       Fiscal Incentives

       
        1. Income Tax Holiday or Exemption from Corporate Income Tax for four             years,
        2. Duty Exemption on Imported Capital Equipment Spare Parts &             Accessories (E.O 528)

        3. Additional Deductions from Taxable Income

            a. Additional deduction for labor expense       
            b. Additional deduction for necessary and major infrasctucture 

       Fiscal Incentives
            
        1. Employment of Foreign Nationals
        2. Simplications of Customs Procedure
        3. Importation of Consigned Equipment for a Period of Ten (10) Years