Tax Incentives: What to know?
For businesses to avail of certain tax incentives, it may register with either the Philippine Economic Zone Authority (PEZA) or the Board of Investments (BOI).
In registering with either PEZA or BOI, the business may avail of 4 to 8 years of income tax holiday or a preferential tax rate of 5% of the Gross Income, in lieu of all income and local taxes to be paid.
Just keep in mind that PEZA registered businesses must be export oriented and BOI registered businesses must be included in the Investments Priority Plan of the government. For more information click the following links, PEZA or BOI, or simply send us an email at info@yaplawoffice.com, we would be glad to assist you.
Read This : Taxes in the Philippines
