12 Questions
What is an Industrial Estate (IE)?
A tract of land developed with infrastructure and utilities for a community of industries
Which of the following best describes an Export Processing Zone (EPZ)?
A specialized industrial estate oriented towards export production and located outside customs territory
What is a key characteristic of a Free Trade Zone?
It is an isolated area near a port or airport for handling imported goods
Which statement is true about goods moved from a Free Trade Zone to other areas in the country?
They are subject to customs and internal revenue rules and regulations
Which of the following is NOT a characteristic of an Export Processing Zone?
Subject to customs and internal revenue rules for goods entering the country
What is the primary purpose of a Free Trade Zone?
To temporarily store, repack, or manipulate imported goods without customs restrictions
What does PEZA stand for?
Philippine Economic Zone Authority
When was the PEZA created?
February 25, 1995
What is the main goal of the law that created PEZA?
To promote exports by establishing economic zones with tax incentives
What are the tax incentives available to businesses registered with PEZA?
Exemption from paying income taxes, VAT Exemptions, Customs Duty Exemptions
What infrastructure facilities are provided in economic zones established by PEZA?
Warehouses, cold storage facilities, hazardous waste treatment plants
How long can businesses registered with PEZA be exempt from paying income taxes?
Seven years within industrial estates, ten years outside industrial estates
Test your knowledge on the differences between Industrial Estates and Export Processing Zones. Learn about the unique characteristics and features of each type of industrial area.
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