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Questions and Answers
What is the main goal of the Philippine Economic Zone Authority (PEZA)?
What is the main goal of the Philippine Economic Zone Authority (PEZA)?
- To provide tax breaks to all Filipino businesses
- To grow and expand Philippine trade and industry (correct)
- To regulate the stock market in the Philippines
- To limit the number of jobs available to Filipinos
What kind of incentives does PEZA offer to developers of economic zones and export producers?
What kind of incentives does PEZA offer to developers of economic zones and export producers?
- Free healthcare for employees
- Historical tours in the Philippines
- Tax breaks and ready-to-occupy locations (correct)
- Discounts on international flights
Under Republic Act No. 7916, what are the two options for tax burden available to PEZA-registered enterprises?
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% (correct)
- Exemption from all taxes, including VAT
- Exemption from VAT but not income tax
- Income tax holiday or preferential tax rate of 10%
What did the Supreme Court pronounce regarding the tax status of businesses registered in Special Economic Zones (SEZs)?
What did the Supreme Court pronounce regarding the tax status of businesses registered in Special Economic Zones (SEZs)?
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What do Special Economic Zones (SEZs) refer to according to the text?
What do Special Economic Zones (SEZs) refer to according to the text?
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