|
|
| Power |
|
Based on the specific Implementing
Guidelines of the Investment Priorities Plan of 2006, power generation
projects, including those under NPC privatization, and power transmission
projects that cost at least Php 1.0 billion may qualify for pioneer
status and avail of the following incentives:
- Income tax holiday;
- Exemption from taxes and duties on imported spare parts;
- Exemption from wharfage dues and export tax, duty, impost and
fees;
- Modified duty rate for capital equipment by virtue of E.O. 313;
- Tax credits; and,
- Additional deductions from taxable income.
|
|
|
|
