List of Incentives Under EO 226

Fiscal Incentives
a. Income Tax Holiday (ITH)
6 years- new projects with pioneer status
4 years- new projects with non- pioneer status
3 years- expansion/ modernization projects
6 years- new or expansion projects in less developed
areas
b.
Additional Deductions from Taxable Income
c.
Additional deduction for labor expense
d.
Additional deduction for necessary and major
infrastructure works
Non- Fiscal Incentives
a.
Employment of foreign nationals
b.
Simplification of customs procedures
c.
Tax and Duty-free Importation of Consigned Equipment
for a period of ten (10) years