INCENTIVES FOR CEZA ENTERPRISES

FISCAL INCENTIVES

INCOME TAX HOLIDAY

ITH for four (4) to seven (7) years, depending on the industry priorities, as determined in the SIPP

SPECIAL CORPORATE INCOME TAX

A 10-year 5% SCIT for export enterprises

DUTY EXEMPTION

Duty exemption for importations of capital equipment, raw materials, spare parts, or accessories

VAT EXEMPTION

VAT Exemption on importation and VAT Zero-rating of registered export enterprises

PERMANENT RESIDENT STATUS

For foreign investors and immediate family

MULTIPLE ENTRY VISA

Valid for two years

(10 years for export enterprises and 5 years for domestic market enterprises)

Depreciation allowance (10% for buildings, 20% for machinery)
Labor expense (150%)
Research and development (200%)
Training expense (200%)
Domestic input expense (150%)
Power expense (150%)
Reinvestment allowance to the manufacturing industry (Up to 50%)
Enhanced NOLCO – losses during the first 3 years may be carried over within the next 5 consecutive years