The AITP is a Special Economic Zone, as proclaimed on February 27, 2001.
It has the following government incentives:
For Developers
- Income Tax Holiday for four years
- Option to waive Income Tax Holiday in favor of immediate availment of the 5% taxes
- Permanent resident status for foreign nationals
- Simplified customs procedure
For IT Park Facilities/Utilities Providers
- Income Tax Holiday for four years
- Option to pay a special 5% tax on gross income earned from locator IT enterprises and related operations, in lieu of all national and local taxes, except real property taxes on land owned by developers
- Permanent resident status for foreign investors with initial investment of US $150,000
- Employment of nonresident aliens required in the operation of IT enterprises
For PEZA-registered IT Enterprises
- Income Tax Holiday for four years for Non-Pioneer IT Enterprises, or six years for Pioneer IT Enterprises
- Option to pay a special 5% tax on gross income earned, in lieu of all national and local taxes, except real property taxes on land owned by developers
- Exemption from payment of import duties and taxes on imported machinery and equipment and raw materials
- Additional deduction equivalent to 50% of training expenses, chargeable against the 3% share of the national government in the special 5% tax on gross income
- Permanent resident status for foreign investors with initial investment of US $150,000
- Employment of nonresident aliens required in the operation of IT enterprises
