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• 4 to 8 years Income Tax Holiday.

• Special 5% tax rate on gross income after the lapse of ITH.

• Tax and duty exemption on imported capital equipment (for IT Park/Ecozone locators).

• ZER0 percent duty on imported capital equipment.

• Exemption from 12% input VAT on allowable local purchase of goods and services e.g. communication charges (for IT Park/Ecozone locators).

• Tax credits on raw materials, supplies and semi-manufactured products (for export producers only).

• Additional deduction from taxable income for labor expense.

• Additional deduction from taxable income for necessary and major infrastructure works.

• Exemption from wharfage dues and export tax, duty, impost and fees.

• The Philippine Economic Zone Authority (PEZA) provides additional deduction of 50% on training expense for its locators.

IT and IT-Enabled Services

• As 100% export-oriented activity, IT and IT-Enabled may register with any of the Investment Promotion, with full entitlement of incentives.

Renewable Energy (One of the priority activities in the Philippines)

• Income Tax Holiday (ITH) for the first seven years of commercial operations.
• Duty-free Importation of machinery, equipment and materials including control and communication equipment within the first ten years upon issuance of a certification of entitlement to incentives.
• Special tax rates on realty and other taxes on civil works, equipment, machinery, and other improvements
• Net Operating Loss Carry-Over (NOLCO) during the first three years shall be carried over as a deduction from gross income for the next seven consecutive taxable years.
• Corporate Tax Rate of 10 percent on net taxable income after seven years of ITH.
• Accelerated Depreciation of plant, machinery, and equipment.
• Zero Percent Value – Added Tax Rate on sales of fuel or power generated from renewable sources.
• Tax Exemption on all proceeds from the sale of carbon emission credits.
• Cash generation-based incentive per kilowatt-hour rate generated for missionary electrification, equivalent to fifty percent of the universal charge for power needed to service missionary areas where it operates the same.
• Tax Credit on machinery, equipment, materials, and parts purchased from a domestic manufacturer, equivalent to one hundred percent of the value of the VAT and custom duties that would have been paid had these items been imported.
• Renewable Portfolio Standard (RPS) a market based policy that requires electricity suppliers to source an agreed portion of their energy supply from eligible RE sources.
• Feed-in Tariff or price premium for electricity produced from wind, solar, ocean, run-of-river hydropower and biomass.
• Benefit of priority dispatch where intermittent generation shall be considered a “must dispatch” whenever there is a capacity that can be taken by any grid.

Tourism

• 6 Years Income Tax Holiday.
• Gross Income Taxation.
• Tax and duty free importation of capital investment and equipment.
• Tax and duty free importation of transportation and spare parts.
• Tax and duty free importation on imported goods and services and/or tax credit equivalent to locally sourced goods and services.
• Social responsibility incentive.
• Employment of foreign nationals.
• Special Investor’s Resident Visa.