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Incentives
for Ecozone Locators
What
makes the project even more viable is the government's relentless effort in supporting
market-oriented policies that give way to healthy business relations. With the
government's strong leadership, combined with the persistence to encourage private
enterprise, ventures like CAIP is seen to progress into a world classs ecozone
where investments flourish. CAIP is duly-registered with the Philippine Economic
Zone Authority (PEZA) and investing locators are offered an attractive incentive
package to boost their financial viability and export competitiveness.
| FISCAL
INCENTIVES |
- Income
Tax Holiday (ITH) or Exemption from Corporate Income
Tax for four or six years, extendible to a maximum
of eight years;
- After the ITH
period, the option to pay a special 5% tax on modified gross income, in lieu of
all national and local sales;
- Exemption
from duties and taxes on imported capital equipment,
spare parts, supplies and raw materials;
- Tax
credit on domestic capital equipment
- Exemption
from wharfage dues and export taxes, imposts and fees;
- Additional deduction
for incremental labor and training expenses.
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| NON-FISCAL
INCENTIVES |
- Permanent
resident status for foreign investors and immediate
family members;
- Employment
of foreign nationals;
- Simplified
import and export procedures;
- Other
incentives under Executive Order 226 (Omnibus Investments
Code of 1987), as may be determined by the PEZA Board.
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©
2000 United Coconut Chemicals, Inc. All Rights Reserved.