Global Trade Alert
Global Trade Alert

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

Announcement

17 Jan 2021

In January 2022, the Philippines provided a two-year income tax holiday and import duties exemption on capital equipment and raw materials to Minandao-based cement manufacturing companies.

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

17 Jan 2022

Revocation date:

No revocation date

Updated: 17 Jan 2021
Tax or social insurance relief In force

On 17 January 2022, the Philippines Fiscal Incentives Review Board granted a selective tax concession to Minandao-based cement manufacturing companies by providing import duties exem...

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Updated: 17 Jan 2021
Tax or social insurance relief In force

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 ma...

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Implementation date

17 Jan 2022

Revocation date:

No revocation date

Updated: 17 Jan 2021
Import tariff In force

On 17 January 2022, the Philippines Fiscal Incentives Review Board approved the grant of import duties exemption on capital equipment and raw materials for cement production by Minan...

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