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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