Power Generation Projects may 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;
  • Additional deductions from taxable income;
  • Employment of foreign nationals;
  • Simplification of customs procedures;
  • Importation of consigned equipment; and
  • The privilege to operate a bonded manufacturing/trading warehouse subject to custom rules and regulations.

* Modified by E.O. 528