Corporate Tax Incentives

The Philippine government offers a range of tax incentive programs tailored to the nature and location of your business activity. While these incentives are designed to drive investment and growth, securing and maintaining these benefits requires precise documentary preparation and ongoing compliance.

At Business Explore PH, we help your company prepare all the necessary documentation for successful acceptance of tax incentives, and we monitor compliance to ensure you maintain your valid tax exemption status.

Main Fiscal Benefits for Investors

  • Income Tax Holiday: Enjoy significant tax-free periods.
  • Duty Reduction: Reduced rates on capital equipment, spare-parts, and accessories.
  • Exemptions:
    • Wharf dues and export taxes, duties, imposts, and fees
    • Taxes and duties on imported spare parts
  • Additional Deductions: Benefit from extra deductions from taxable income.
  • VAT Zero-Rating: Lower VAT obligations on eligible transactions.

Main Non-Fiscal Benefits for Investors

  • Employment of Foreign Nationals: Qualify for special visas to facilitate global talent mobility.
  • Simplified Customs Procedures: Streamlined import processes for equipment and supplies.
  • Importation of Consigned Equipment: Enjoy smooth importation processes for consigned goods.
  • Bonded Warehouse Privileges: Operate under customs rules with bonded manufacturing or trading warehouses.

Philippine Tax Incentive Programs & Zones

Incentive programs vary depending on the regulatory agency and geographic zone. We assist you in identifying which program is best suited for your business:

Programs and Regulatory Bodies

  • Board of Investments (BOI): Comprehensive list of BOI Tax Incentives.
  • PEZA: Tax incentives under the Philippine Economic Zone Authority.
  • Regional Board of Investments in ARMM: Specific incentives for the Autonomous Region in Muslim Mindanao.
  • RHQ/ROHQ: Incentives tailored for Regional Headquarters and Regional Operating Headquarters.

Tax Incentive Zones

Philippine Economic Zone Authority (PEZA)

Subic Bay Metropolitan Authority & Clark Development Corporation (SBMA & CDC)

Cagayan Economic Zone Authority (CEZA)

Zamboanga Economic Zone Authority (ZEZA)

PHIVIDEC Industrial Authority (PIA)

Aurora Special Economic Zone Authority (ASEZA)

Schedule Your Free Consultation Today