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Incentives to Locators at Zamboanga City and Cagayan Valley Special Ecozones
The incentives granted to
investors at the Zamboanga City (RA 7903)and Cagayan Valley
(RA 7922) Special Economic Zones are as follows:
> Tax- and duty-free importation of capital equipment, raw materials,
spareparts, supplies, breeding stocks, and genetic materials;
> Income tax holiday of four years for non-pioneer or six years for
pioneer projects;
> A special tax rate of 5% of gross income in lieu of all national
and local taxes after the income tax holiday;
> Tax credit for import substitution;
> Exemption from wharfage dues, export tax, and import fees;
> Tax credit on domestic capital equipment, breeding stocks, and
genetic materials;
> Additional deduction for incremental labor expenses and training
expenses;
> Unrestricted use of consigned equipment;
> Permanent resident status for foreign investors and immediate
family;
> Employment of foreign nationals;
> Remittance of earnings without prior approval from the BSP;
> Basically, Firms
registered with the Zamboanga City Special Economic Zone Authority
and Cagayan Economic Zone Authority shall be entitled to
fiscal and non-fiscal incentives similar to those available to PEZA-registered
enterprise.
Contact Us
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You're invited to call us to discuss
your company's legal matters. We shall be glad to talk with you over
the telephone, or in our office or yours, whichever is easiest for
you. You can also e-mail us at
gtalaw@gtalawphil.com and we shall get back to you
immediately.
GUZMAN TAŅEDO & ACAIN
Mile Long Building 316
Legaspi Village
Amorsolo Street
Makati City
Telephone: 8941441
TeleFax: 8124296
e-mail:
gtalaw@gtalawphil.com
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