5 Questions
What is the main goal of the Philippine Economic Zone Authority (PEZA)?
To grow and expand Philippine trade and industry
What kind of incentives does PEZA offer to developers of economic zones and export producers?
Tax breaks and ready-to-occupy locations
Under Republic Act No. 7916, what are the two options for tax burden available to PEZA-registered enterprises?
Income tax holiday or preferential tax rate of 5%
What did the Supreme Court pronounce regarding the tax status of businesses registered in Special Economic Zones (SEZs)?
They are exempt from all internal revenue taxes, including VAT
What do Special Economic Zones (SEZs) refer to according to the text?
Selected areas for various economic purposes like industrial centers and financial centers
Learn about the delegation of regulatory powers to local government units, limitations on the power to prohibit operations, and the reorganization of tourism public sectors under the Tourism Act of 2009.
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