16 May 2017
PHILIPPINES: Tax Incentives Mooted for Green Manufacturing Sector
Energy-efficient investment projects in the manufacturing sector are to qualify for as yet unspecified tax incentives. The move, announced by the Philippines Board of Investment, will see clean energy projects and those that act to minimise industrial pollution and/or greenhouse gas emissions qualify for both financial incentives and income tax holidays.
The move comes as part of the government’s bid to encourage the manufacturing sector to be more environmentally aware in line with its 2017 Investments Priorities Plan (IPP).
For further details on the IPP, see PHILIPPINES: 2017-19 Investment Priorities Plan Targets Manufacturing and Regional Development.