Investment Incentives Granted to Investors

The incentives for export and free trade enterprises are:

Fiscal Incentives

• Exemption from corporate income tax up to eight years;
• After an initial 8-year period, a minimum corporate tax of only 5% of gross income, instead of the normal 34% of net income;
• Duty free importation of capital equipment, construction materials as well as raw materials used in production.
• Tax credit for import substitution
• Exemption from wharfage dues, export tax impost, fees
• Tax credit on domestic capital equipment
• Tax and duty-free importation of breeding stocks and generic materials
• Tax credit on domestic breeding stocks and genetic materials
• Additional deduction for training expenses (labor and management)
• Additional deduction for labor expense (50% of wages corresponding to increment in number of direct labor subject to certain conditions)

Non-fiscal Incentives

• Permanent resident status for foreign investors and immediate members of the family
• Employment of foreign nationals
• Exemption from SGS inspection
• Simplified import-export procedure

Source: Philippine Economic Zone Authority

Strategic Location
High Quality Workforce
Operating Costs in the Philippines
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Laguna Technopark, Inc.
2/F Administration Building I
North Main Avenue
Laguna Technopark, Biñan, Laguna
Philippines
Tel: (632) 818.3840, 818.4040 (Makati lines)
 (6349) 541.2706 (Laguna line)
Fax: (632) 812.1386
E-Mail: info@lagunatechnopark.com.ph

© Laguna Technopark Inc., 1998