Republic of the Philippines Board of Investments PHILIPPINE RETIREMENT AUTHORITY

1

• Republic of the PhilippinesBoard of
  InvestmentsPHILIPPINE RETIREMENT AUTHORITY
• INCENTIVES FOR THE
• RETIREMENT INDUSTRY
• STAKEHOLDERS

2
BOARD OF INVESTMENTS (BOI) INCENTIVES

• Income tax holiday
• Incentives for the necessary and major
  infrastructure and facilities in less-developed
  areas
• Employment of foreign nationals
• Additional deduction for labor expense

3
PHILIPPINE ECONOMIC ZONE AUTHORITY(PEZA)
INCENTIVES

• Income Tax Holiday (ITH) or Exemption from
  Corporate Income tax for four years, extendable
  to a maximum of eight years
• After the ITH period, the option to pay a special
  5 Tax on Gross Income, in lieu of all national
  and local taxes
• Exemption from duties and taxes on imported
  capital equipment, spare parts, supplies,and raw
  materials.
• Domestic sales allowance of up to 30 of total
  sales
• Exemption from wharfage dues and export taxes,
  imposts and fees
• Additional deduction of 50 of the total cost of
  manpower training
• Special Visa for foreign investors and immediate
  family members
• Employment of foreign nationals and dependents
• Other incentives under EO 226 , as may be
  determined by PEZA Board

4
Manila International Airport Authority INCENTIVES

• Exclusive lane for retirees (departure and
  arrival)
•     Retirees Information/Assistance Desk
•     Use of VIP Lounge

5
   Technical Education and Skills Development
Authority (TESDA) INCENTIVES

•     1000 scholarship slots for critical skills
  in the retirement industry for this year
•     Upgrade of skills and/or abilities of
  services required

6
Trade and Investment Development Corporation of
the Philippines  (TIDCORP) INCENTIVE

•     Guarantee and technical assistance in so far
  as loan
• opportunities are concerned for developers and
  retirees

7
PNP/AFP INCENTIVES

•     Retirement Desk in police stations where
  retirement
• Villages or clusters are located
• Increased police visibility and patrol
• Deployment of detachment where needed

Back to Main