Press Release & Industry News
How do Philippine tax incentives stack up against those of rivals?
Tax incentives are designed to attract investors by reducing the costs to capital.These incentives include, but are not limited to income tax holidays, customs duty exemption, investment allowances and the 5% tax on gross income earned (GIE). The latter is a special tax rate granted to firms registered with the Philippines Econimic Zone Authority in lieu of all national and local taxes and is enjoyed by these locators indefinitely. For more information, please visit http://www.bworldonline.com/how-do-philippine-tax-incentives-stack-up-against-those-of-rivals/