BOI For
BOI For
BOI For
Qualified proponents who will invest in priority areas of activity listed in the Investment
Priorities Plan (IPP) can qualify for incentives
What is the Investment Priorities Plan (IPP)?
3) Exemption from wharfage dues and export tax, duty, impost, and fees
all enterprises registered under the IPP
exemption from wharfage dues and any export tax, impost, and fees on its
non-traditional export products.
ten (10) year period from the date of registration to avail the exemption
4) Tax and duty-free importation of breeding stocks and genetic materials
agricultural production and processing projects
exempt from the payment of all taxes and duties on their importation of
breeding stocks and genetic materials
ten (10) years from the date of registration or commercial operations.
Tax Credits
1) Tax credit on the purchase of domestic breeding stocks and genetic materials
tax credit equivalent to 100% of the value of national internal revenue taxes
and customs duties that would have been waived on the purchase of local
breeding stocks and genetic materials
within ten (10) years from the date of registration or commercial operations.
2) Tax credit on raw materials and supplies
Tax credit equivalent to the national internal revenue taxes and duties paid on
raw materials, supplies, and semi-manufactured products used in the
manufacture of export products and forming part thereof.
Additional Deductions from Taxable Income
1) Additional deduction for labor expense (ADLE)
for the first five (5) years from date of registration
additional deduction from taxable income equivalent to 50% of the wages of
additional skilled and unskilled workers in the direct labor force
If activity is located in LDA: additional deduction shall be doubled or become
100%
o not granted to mining and forestry-related projects
2) Additional deduction for necessary and major infrastructure work
registered enterprise locating in LDAs or in areas deficient in infrastructure
public utilities, and other facilities
deduct from taxable income an amount equivalent to the expenses incurred
in the development of necessary and major infrastructure works
Non-Fiscal Incentives
1) Employment of Foreign Nationals
allowed to employ foreign nationals in supervisory, technical, or advisory
positions for five (5) years from the date of registration for five (5) years from
the date of registration
not subject to such limitation: position of president, general manager, and
treasurer of foreign-owned registered enterprises or their equivalent
2) Simplification of customs procedures for importation of equipment, spare parts, raw
materials, and supplies and exports of processed products
3) Importation of consigned equipment for a period of ten (10) years from the date of
registration, subject to posting of a re-export bond.
4) The privilege to operate a bonded manufacturing/trading warehouse subject to
Customs rules and regulations.