Global Trade Alert
Global Trade Alert

Philippines: Import duty exemptions provided for shipping vessel companies in Cebu City

Announcement

15 Mar 2022

In March 2022, the Philippines Fiscal Incentives Review Board provided import duty exemptions for shipping vessel companies in Cebu City.

Source

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

15 Mar 2022

Revocation date:

No revocation date

Announced: 15 Mar 2022
Tax or social insurance relief In force
On 15 March 2022, the Philippines Fiscal Incentives Review Board granted a tax concession to shipping vessel companies in Cebu city in the form of 11 years of import duty exemption. The relevant shipp...
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Announced: 15 Mar 2022
Tax or social insurance relief In force
On 15 March 2022, the Philippines Fiscal Incentives Review Board (FIRB) approved tax incentives for shipping vessel companies in Cebu City in the form of four years of corporate income tax (CIT) holid...
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Implementation date

15 Mar 2022

Revocation date:

No revocation date

Announced: 15 Mar 2022
Import tariff In force
On 15 March 2022, the Philippines Fiscal Incentives Review Board approved import duties exemption on equipment used by the shipping vessel companies in Cebu City. The duration of the exemption was 11 ...
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Published: 04 Sep 2024

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