Republic of the PhilippinesBoard of Investments

PHILIPPINE RETIREMENT AUTHORITY

INCENTIVES FOR THERETIREMENT INDUSTRY

STAKEHOLDERS

•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

BOARD OF INVESTMENTS (BOI) 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

PHILIPPINE ECONOMIC ZONE AUTHORITY(PEZA) INCENTIVES

•* Exclusive lane for retirees (departure and arrival)

•*    Retirees’ Information/Assistance Desk

•*    Use of VIP Lounge

Manila International Airport Authority INCENTIVES

•*    1000 scholarship slots for critical skills in the retirement industry for this year

•*    Upgrade of skills and/or abilities of services required

   Technical Education and Skills Development Authority (TESDA) INCENTIVES

•*    Guarantee and technical assistance in so far as loan

opportunities are concerned for developers and retirees

Trade and Investment Development Corporation of the Philippines  (TIDCORP)

INCENTIVE

•*    Retirement Desk in police stations where retirement

Villages or clusters are located

•* Increased police visibility and patrol

•* Deployment of detachment where needed

PNP/AFP INCENTIVES

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