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Incentives of CEZA

FISCAL INCENTIVES
  1. INCOME TAX HOLIDAY (ITH)
    1. ITH of 4 to 7 years, depending on the industry
  2. SPECIAL CORPORATE INCOME TAX (SCIT)
    1. 5 percent SCIT for 10 years (for export enterprises only)
  3. ENHANCED DEDUCTIONS (ED)
    1. Depreciation allowance (10% for buildings, 20% for machinery)
    2. Labor expense (150%)
    3. Research and development (200%)
    4. Training expense (200%)
    5. Domestic input expense (150%)
    6. Power expense (150%)
    7. Reinvestment allowance to the manufacturing industry (Up to 50%)
    8. Enhanced NOLCO –  losses during the first 3 years may be carried over within the next 5 consecutive years
  4. Duty exemption of u p to 17 and 12 years for export and domestic enterprises from the date of registration, respectively , unless otherwise extended under the SIPP
  5. Value-added text (VAT) exemption and zero-rating of registered export enterprises of up to 17 years from the date of registration, unless otherwise extended under the SIPP. The direct and exclusive use for the registered project or activity was expanded to include packaging materials, services, including the provision of basic infrastructure and utilities.

Period of availment of incentives based on industry priorities: (Industry tiers are determined in the SIPP)
Location/Industry Tiers Tier I Tier II Tier III
Exporter activities 4 ITH + 10 ED/SCIT 5 ITH + 10 ED/SCIT 6 ITH + 10 ED/SCIT
Domestic market activities 6 ITH + 5 ED 7 ITH + 5 ED 7 ITH + 5 ED
NON-FISCAL INCENTIVES
  1. Permanent resident status of foreign investors and immediate family
  2. Multiple entry visa, valid for two years

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