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
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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