INVESTORS INTRODUCTION
The marketability of LTC is hinged on the following strengths, advantages and opportunities.
PEZA Incentives
LiMA is a proclaimed Special Economic Zone entitling LiMA and its qualified locators to certain tax and non-tax incentives. The incentives are provided for export enterprises; domestic market, facilities, utilities and tourism enterprises; and ecozone developer /operator enterprises.

Under Republic Act No. 7916, otherwise known as "the Special Economic Zone Act of 1995" , registered Export or Free Trade Enterprises operating in ECOZONES or Special Economic Zones shall enjoy the following incentives:

  • Income Tax Holiday (ITH) for 4 years to a maximum of 8 years
  • After the lapse of ITH, exemption from national and local taxes; in lieu thereof, special 5% tax rate on Gross Income
  • Exemption from duties and taxes on imported capital equipment, spare parts, materials and supplies.
  • Tax credit for import substitution
  • Exemption from wharfage dues, export tax impost or fees
  • Tax credit on domestic capital equipment
  • Tax and duty-free importation of breeding stocks and genetic materials
  • Tax credit on domestic breeding stocks and genetic materials
  • Additional deduction for training expenses (labor and management)
  • Permanent resident status for foreign investors and immediate members of their families
  • Employment of foreign nationals
  • Additional deduction for labor expense (50% of wages corresponding to increment in number of direct labor subject to certain conditions)
  • Exemption from SGS inspection
  • Simplified import - export procedures

 

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