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Philippines: Provided an income tax holiday and import duties exemption for Mindanao-based cement companies

Description

On 17 January 2022, the Philippines Fiscal Incentives Review Board approved the grant of a two-year income tax holiday, followed by five years of enhanced deduction to Minandao-based cement manufactur...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 Jan 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

location-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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