Who qualifies for PEZA registration?

Below is the list of business activities that are eligible to apply for the PEZA incentives.

• Export Manufacturing.
• Information Technology (IT) Service Export.
• Tourism.
• Medical Tourism.
• Agro-industrial Export Manufacturing.
• Agro-industrial Bio-Fuel Manufacturing.
• Logistics and Warehousing Services.

What are PEZA-registered?

PEZA – Philippine Economic Zone Authority Enterprises registered with the Philippine Economic Zone Authority (PEZA) may be entitled to income tax holidays of four, six, or eight years. After that, they are subject to 5% tax on gross income (sales less direct costs) in lieu of all local and national taxes.

What is the purpose of PEZA?

PEZA – attached to the Department of Trade and Industry – is the Philippine government agency tasked to promote investments, extend assistance, register, grant incentives to and facilitate the business operations of investors in export-oriented manufacturing and service facilities inside selected areas throughout the …

How do I get a PEZA permit?

All applications for permits under the National Building Code (NBC) – building, sanitary/plumbing, fencing, electronics, electrical, and mechanical must be in the PEZA company’s complete registered company name (as indicated in the PEZA Registration Certificate).

Is PEZA exempt from tax?

PEZA-registered economic zone enterprises availing of the 5% GIT Incentive are exempted from payment of all national and local taxes, except real property tax on land owned by developers.

Is PEZA VAT exempt or zero rated?

In compliance with the RR, the Philippine Economic Zone Authority (PEZA) recently issued a memorandum directing the imposition of 12% VAT on its transactions with registered business enterprises (RBEs). Thus, sales of services to PEZA-RBEs are still zero-rated for VAT even under the TRAIN Law and RR 9-2021.

Does PEZA registration expire?

PEZA. The Permit to Locate issued by the Authority shall be valid only for one (I) year and renewable every year or until termination of business in the economic zone. Non-PEZA enterprise with expiring Permit to Locate shall seek renewal thirty (30) days before the date of expiration.

Does PEZA allow work from home?

PEZA allows work-from-home option for ecozone IT enterprises enterprises to implement the following “without the need for a Letter of Authority (LOA) from PEZA” in view of prevention and response mechanisms to COVID-19: 1.

Why does a company need to register with PEZA?

This is to ensure that the benefits secured by the company while in operations are due and appropriate as the PEZA registered company must show that it has complied with its registration agreement it executed with PEZA when it availed of the PEZA benefits while it has been in operations.

What kind of incentives do you get with PEZA?

A PEZA-registered company is entitled to both fiscal and non-fiscal incentives, which can be enjoyed by the investors and their families. Other than the opportunity to establish a business at one of the economic centers in the Philippines, registered companies are also entitled to:

What was the purpose of Peza in the Philippines?

PEZA was established in 1995 to “promote investments, extend assistance, register, grant incentives to and facilitate the business operations of investors in export-oriented manufacturing and service facilities inside selected areas throughout the country proclaimed by the President of the Philippines as PEZA Special Economic Zones.”

Can you register with Boi or Peza in the Philippines?

At FilePino, we can help you take advantage of these various fiscal and non-fiscal incentives by facilitating your registration with either the Board of Investments (BOI) or the Philippine Economic Zone Authority (PEZA).