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Incentives for Developers
- Income tax holiday for six (6) years
- Option to waive tax holiday in favor of immediate
availment of the 5% taxes
- Permanent resident status for foreign investor
(initial investment at $150,000-minimum)
- Employment of foreign nationals
Incentives for IT Park Facilities/Utilities
Providers
- Option to pay a special 5% tax on gross income
earned, in lieu of all national and local taxes
- Additional deduction for training expenses,
chargeable against the 3% national government share in the 5%
tax on gross income
- Permanent resident status for foreign investor
(initial investment at $150,000-minimum)
- Employment of foreign nationals
- Simplified customs procedure
Government (PEZA) Incentives for Service
Exporter-Locators
- Income Tax Holiday (ITH):
- 6 years from commercial operations if new
registered pioneer firm
- 4 years from commercial operations if new
registered non-pioneer firm
- 3 years from commercial operations of expanding
firm
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- Exemption from all local government imposts,
fees, licenses and taxes except real property tax. Chattels may
be exempted from RET.
- After the ITH, option to pay a 5% tax on gross
income earned
- Tax and duties exemption on imported capital
equipment, spare parts, raw materials and supplies
- Exemption from wharfage dues, export tax, impost
or fee
- Additional deduction equivalent to 50% of training
expenses, chargeable against the 3% national government share
in the 5% tax on gross income
- Unrestricted use of consigned equipment
- Additional 50% deduction on incremental wages
paid for the first 5 years
- Permanent resident status for foreign investor
(initial investment at $150,000-minimum)
- Employment of foreign nationals
- Domestic sales allowance of up to 30% of total
sales
- Exemption from SGS inspection
- Simplified customs procedures
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