What are the Fiscal Incentives Available to TIEZA-Registered Business Enterprises?
Pursuant to the Republic Act no. 11534 otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, Registered Business Enterprise may be granted with tax and duty incentives as follows:
NEW BUSINESS ENTERPRISE
For Domestic Market Enterprise:
- Income Tax Holiday (ITH)
- National Capital Region- 4 years ITH
- Metropolitan areas and areas contiguous and adjacent to NCR- 5 years ITH
- All other areas- 6 years ITH
- Enhanced Deductions (ED) (5 years)
- Duty Exemption on Importation on capital equipment, raw materials, spare parts, or accessories (Up to 12 years)
For Export Enterprise:
- Income Tax Holiday (ITH)
- National Capital Region- 4 years ITH
- Metropolitan areas and areas contiguous and adjacent to NCR- 5 years ITH
- All other areas- 6 years ITH
- Special Corporate Income Tax (SCIT) or Enhanced Deductions (ED) (10 years)
- VAT Exemption on Importation and VAT Zero-rating on local purchases of goods and services directly and exclusively used in the registered project (Up to 17 years)
- Duty Exemption on Importation on capital equipment, raw materials, spare parts, or accessories (Up to 17 years)
The period of availment of incentives is based on the location of the proposed project/activity.
** Metropolitan areas include Metro Cebu and Metro Davao or those local government units (LGUs) which are later qualified or grouped as such by the National Economic and Development Authority (NEDA) or through laws or executive issuances **
** Areas contiguous and adjacent to NCR pertain to portions of Bulacan (Meycauayan City, San Jose Del Monte City), Cavite (Bacoor City, Dasmariñas City, Imus City), Laguna (Biñan City, Cabuyao, Calamba City, San Pedro City, Santa Rosa City), and Rizal (Antipolo City, Cainta, Taytay) **
QUALIFIED EXPANSION PROJECT
For Domestic Market Enterprise:
- Income Tax Holiday (ITH) (3 years)
- Enhanced Deductions (ED) (5 years)
- Duty Exemption on Importation on capital equipment, raw materials, spare parts, or accessories (Up to 12 years)
For Export Enterprise:
- Income Tax Holiday (ITH) (3 years)
- Special Corporate Income Tax (SCIT) or Enhanced Deductions (ED) (10 years)
- VAT Exemption on Importation and VAT Zero-rating on local purchases of goods and services directly and exclusively used in the registered project (Up to 17 years)
- Duty Exemption on Importation on capital equipment, raw materials, spare parts, or accessories (Up to 17 years)
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Contact us:
Evaluation and Registration Division (ERD)
(+632) 8249.5900-79 local 747
tez.erd@tieza.gov.ph