Being a PEZA registered comes with a lot of benefits or incentives, it is one of the Philippine government’s way of encouraging more foreign investors to boost economic development.
Incentives available to PEZA registered Enterprises is divided into two namely:
Fiscal incentives which refers to the “monetary benefit” offered to the enterprises such as tax savings, discounts and etc. while on the other hand. Non- fiscal incentives are those benefits that are simply “non-monetary” value.
ITH Extension year may be granted if Project complies with the following criteria (one criterion is equivalent to one ITH extension year,), provided that the total ITH entitlement period shall not exceed eight (8) years:
> The average net foreign exchange earnings of the project for the first three (3) years of operations is at least US$500,000.00 and,
> The capital equipment to labor ratio of the project does not exceed US$10,000.00 to 1 for the year immediately preceding the ITH extension year being applied for.
o 3 years ITH for Expansion project (ITH applies to incremental sales)