Tax incentives are made available by PEZA for most commercial
buildings in Fort Bonifacio for lease or sale. We can help
identify these tax incentives for certain buildings that reside in
the city's Special Economic Zones (PEZA). Most Fort Bonifacio
PEZA locations have perfect office space options for call centers,
IT, BPO, and export companies, which are in "IT Parks" or
"Technology Parks".
Businesses registered with PEZA are entitled to a holiday from income
tax and local taxes for four to 8 years. After that, they are
subject to 5% tax on gross income (sales less direct costs) in lieu
of all local and national taxes.
To avail of the incentives offered by PEZA an enterprise must register with PEZA
and locate their operation in one of the zones. PEZA registrants
must generally be export-oriented, with enterprises located inside
the zones required to export 100% of their production. In some
cases PEZA may approve the sale of up to 30% of production in the
domestic market. Full foreign ownership of a PEZA enterprise is
allowed provided they are not engaged in activities that appear on
the Foreign
Investment Negative List. PEZA approval and specific incentives
granted are on a case by case basis. Applicants must supply an
application for providing information on capital structure,
nationality of investors and a feasibility report in accordance
with a PEZA prescribed format. Applicants should then expect fast
turn around once the application is submitted.
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