Global Trade Alert
Global Trade Alert

Philippines: Tax incentives for San Miguel Corporation introduced

Announcement

17 Jan 2022

In January 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) approved import duty exemptions on raw materials and a two-year corporate tax holiday for San Miguel Corp. 

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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 2022
Tax or social insurance relief In force
<p>On 17 January 2022, the&nbsp;Fiscal Incentives Review Board of the Philippines (FIRB) granted a tax concession to&nbsp;San Miguel Corp (SMC) in the form of import duty exemptions on r...
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Updated: 17 Jan 2022
Tax or social insurance relief In force
<p>On 17 January 2022, the&nbsp;Fiscal Incentives Review Board of the Philippines (FIRB) approved a two-year corporate income tax (CIT) holiday&nbsp;for San Miguel Corp (SMC).&nbsp;&...
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Implementation date

17 Jan 2022

Revocation date:

No revocation date

Updated: 17 Jan 2022
Import tariff In force
<p>On 17 January 2022, the&nbsp;Fiscal Incentives Review Board of the Philippines (FIRB) approved import duty exemptions on&nbsp;raw materials for&nbsp;San Miguel Corp. (SMC).&nb...
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