Exemption from local licenses, fees, dues
- Exemption from local business taxes pursuant to Section 133 (g) LGC
- Tax Exemption Privileges through ordinances duly approved pursuant to Section 192 of the LGC
|
Exemption in Business Tax from Gross Sales/Reciepts
- 2 years for existing enterprises
- 5 years for investments located in preferred districts
|
Exemption from Real Property Tax
- 2 years, excluding brgy. share, for new and expansion project
- 5 years, excluding brgy. share, for investments located in preferred districts
|
Deduction of Wages Paid
- 50% of the employees’ wages within 3 years
|
Deduction of Training Expenses, and Research and Development Expenses
- 50% of the total expenses of the taxable gross sales/receipts within 3 years
|
Income Tax Holiday
- 2-5 year income tax holidays
|
Other Incentives
- One stop documentation for simplified registration procedure with the assistance from the LEIPC;
- Assistance in resolving issues and concerns with NGAs, NGOs and other service providers;
- Support for industrial peace through reconciliation and mediation;
- Assistance in surfing electric power and water supply connection;
- Coordination in the negotiation of special rates for utilities for industries with a certain minimum loan, if feasible;
- Assistance in site selection and negotiation for right of way;
- Networking with concerned national agencies such as Technical Education Skills and Development Authority (TESDA) and other similar institutions for trainings of workers to enhance skills of manpower of the enterprise and assistance in identifying and sourcing of skilled human resources;
- Facilitation of outbound and inbound missions of investors; and
- Such other aftercare services that may be accorded to investors.
|