Global Trade Alert
Global Trade Alert

Philippines: FIRB provided special financial incentives to Cerberus Capital Management

Announcement

10 May 2022

In May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) provided special corporate income tax and exempted import duties and VAT for Cerberus Capital Management on its project to develop and operate the Hanjin commercial shipyard in the Subic Bay. 

Source

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Number of interventions

4

1 certainly harmful

0 likely harmful

3 liberalising

List of interventions

Implementation date

10 May 2022

Revocation date:

No revocation date

Announced: 10 May 2022
Tax or social insurance relief In force
On 10 May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) granted a tax concession to Cerberus Capital Management in the form of import duties and VAT exemption for its project to d...
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Implementation date

10 May 2022

Revocation date:

No revocation date

Announced: 10 May 2022
FDI: Financial incentive In force
On 10 May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) provided a special corporate income tax for investments made by the Cerberus Capital Management in the development and oper...
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Announced: 10 May 2022
Internal taxation of imports In force
On 10 May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) provided VAT exemptions on the imported products by the Cerberus Capital Management for its project to develop and operate ...
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Announced: 10 May 2022
Import tariff In force
On 10 May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) provided import duties exemption to Cerberus Capital Management for its project to develop and operate the Hanjin commercia...
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Liberalising Trade Policy Measures

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This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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