IEAT & BOI'S ZONE 2 BENEFIT

CORPORATE INCOME TAX

GIZ-EPZ-FTZ 100% Exemption for 7 years

Duties on Capital Goods (Machineries, parts, accessories etc.)


GIZ Pay 50%

EPZ Free

Duties on Imported Raw Material



GIZ Exemption for 1 Year if export at least 30%

EPZ Free

VAT, Excise Tax, Surcharge, Import and Export Duty


GIZ Normal Rates

EPZ Free


Transportaion, Electricity and Water Supply
(Deduction from the cost from Taxable Income)


GIZ-EPZ Not Applicable

Infrastructure Facilites (Deduction from the cost from Taxable Income)


GIZ-EPZ Not Applicable



IEAT'S TAX & NON-TAX INCENTIVES AND PRIVILEGES




TAX INCENTIVES
  • Exemption of Import Duty and Value Added Tax (VAT) on Machinery, Components, etc, and Material imported for factory construction.

  • Exemption of Import Duty and Value Added Tax (VAT) on Raw Materials.

  • Exemption of Export Duty and Value Added Tax (VAT) on Exported Goods.

  • Exemption or Refund of Duties and Value Added Tax (VAT) for Local Goods utilize for Production.

    •

    NON-TAX INCENTIVES
  • Permission for Foreign Investors to Own Land for carrying out promoted activites.

  • Permission to bring in Foreign Technicians and Experts to work on promoted projects.

  • Permission for Foreign Technicians, Experts and their Spouses or Dependents to stay in the country

  • Permission to take or remit foreign Currency
    •

    PRIVILEGES
  • Land Use Permission

  • Construction Permit

  • Operation Permit

  • Set-up Recommendations

  • Simplified Documentation

  • Advice and Consultations
    •

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