The Philippine Board of Investments (BOI)
Philippine Chamber of Commerce and Industry

1987 Omnibus Investments Code

• Foreign companies with less than 40 per cent foreign ownership, that invest in promoted activities listed in the Investment Project Plan (IPP) list.
• Income tax holiday for six years for pioneer firms and four years for non-pioneer firms.

The Special Economic Zone Act (1995)

• Company operating within an economic zone, and is registered with the Philippines Economic Zone Authority (PEZA).
• Preferential rate of 5 per cent of gross income after the first four to six years.

World Economic Outlook (October 2021); World Bank; UNESCO Institute of Statistics; International Labour Organization: Global Wage Report 2020–21: Wages and minimum wages in the time of COVID-19; Asian Development Bank; The Philippine Board of Investments (BOI)

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