TIER I – 6 years ITH + 10 years SCIT or ED
TIER II – 7 years ITH + 10 years SCIT or ED
TIER III – 7 years ITH + 10 years SCIT or ED
- Export enterprises may be granted an Income Tax Holiday (ITH) of four (4) to seven (7) years depending on the location and industry priorities*
- After ITH, export enterprises can avail a 5% Special Corporate Income Tax OR Enhanced Deductions for 10 years.*
- Tax-and-duty-free importation of capital equipment, raw materials, spare parts or accessories
- VAT exemption on importation and VAT zero-rating on local purchases for goods and services directly or exclusively used in the registered project or activity of export enterprise for the period of registration of the said project or activity.
- Domestic sales allowance of up to 30% of total sales
- Exemption from payment of local government taxes and fees for the duration of the period of availment of the 5% SCIT incentive
* Terms and conditions apply.