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Peza overview v2

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PEZA Overview in the Philippines

PEZA Overview in the Philippines

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  • 1. For questions, please call: 0923 5846916 or 0916 3544636
  • 2. What is 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 country proclaimed by the President of the Philippines as PEZA Special Economic Zones. For questions, please call: 0923 5846916 or 0916 3544636
  • 3. What is PEZA?• It oversees and administers incentives to developers/operators of and locators in world- class, ready-to-occupy, environment-friendly, secured and competitively priced Special Economic Zones. For questions, please call: 0923 5846916 or 0916 3544636
  • 4. What is PEZA?• PEZA’s dynamic, responsive and client- oriented ethics have earned the trust and confidence of investors in its Special Economic Zones, the local business sector, and the foreign chambers of commerce in the Philippines. All Industrial Economic Zones are manned by a PEZA officer and staff to immediately attend to stakeholders needs and concerns. Information Technology companies are attended to by Head Office. For questions, please call: 0923 5846916 or 0916 3544636
  • 5. Vision• To be a “major player” in providing a globally competitive and ecologically sustainable business environment in generating investments, exports and employment for the Philippines. For questions, please call: 0923 5846916 or 0916 3544636
  • 6. Mission• To provide a globally competitive and ecologically sustainable business environment to investors through effective management of economic zones, efficient administration of incentives, utmost delivery of services, focused investment promotions, and proactive developmental activities. For questions, please call: 0923 5846916 or 0916 3544636
  • 7. PEZA Board Members• PEZA is a government corporation attached to the Department of Trade and Industry. It is governed by a 13- man Board, chaired by the Secretary of the Department of Trade and Industry, and 12 other members. The Board is responsible for the formulation and implementation of policies, plans and programs of the Authority, including the establishment and enforcement of rules and regulations and standards governing the establishment and operation of economic zones. The Director General is the Vice Chairman of the Board and the Chief Executive Officer of PEZA. For questions, please call: 0923 5846916 or 0916 3544636
  • 8. PEZA Board Members• The Director General holds the rank of a Department Undersecretary and is appointed by the President of the Republic of the Philippines. For questions, please call: 0923 5846916 or 0916 3544636
  • 9. The Director General Dr. LILIA B. DE LIMA Director General Philippine Economic Zone Authority (PEZA) • Appointed as Director General of PEZA since its creation in 1995. • For bringing in hundred of Japanese investors, Director General Lilia B. de Lima has been bestowed the Order of the RISING SUN Gold and Silver Star by the Government of Japan, the highest such award given to non-Heads of State. For questions, please call: 0923 5846916 or 0916 3544636
  • 10. Operating Economic Zone Map For questions, please call: 0923 5846916 or 0916 3544636
  • 11. Proclaimed Economic Zone Map For questions, please call: 0923 5846916 or 0916 3544636
  • 12. Activities Eligible for PEZA Registration and Incentives1. Export Manufacturing2. IT (Information Technology) Service Export • IT service activities, of which 70% of total revenues is derived from clients abroad. (“IT Service Activities” are activities which involve the use of any IT software and/or system for value addition). Among the IT Service activities eligible for incentives are: IT-enabled services such as business process outsourcing, call centers, data encoding, transcribing and processing, etc.; software development and application, including programming and adaptation of system softwares and middlewares; for business, media, e-commerce, education, entertainment, etc.; content development for multi-media or internet purposes; and others. Eligible firms shall qualify for registration as “IT Enterprise.” 5846916 or For questions, please call: 0923 0916 3544636
  • 13. Activities Eligible for PEZA Registration and Incentives3. Tourism4. Medical Tourism5. Agro-Industrial Export Manufacturing6. Agro-Industrial Bio-Fuel Manufacturing7. Logistics and Warehousing Services For questions, please call: 0923 5846916 or 0916 3544636
  • 14. Activities Eligible for PEZA Registration and Incentives8. Economic Zone Development & Operation a. Manufacturing Economic Zone Development / Operation b. IT Park Development / Operation c. Tourism Economic Zone Development / Operation d. Medical Tourism Economic Zone Development / Operation e. Agro-Industrial Economic Zone Development / Operation f. Retirement Economic Zone Development / Operation For questions, please call: 0923 5846916 or 0916 3544636
  • 15. Activities Eligible for PEZA Registration and Incentives9. Facilities Providers a. Facilities for Manufacturing Enterprises b. Facilities for IT Enterprises c. Retirement Facilities10. Utilities For questions, please call: 0923 5846916 or 0916 3544636
  • 16. Fiscal Incentives to Information Technology Enterprise• Income Tax Holiday (ITH) – 100% exemption from corporate income tax: o 4 years ITH for Non-pioneer project o 6 years ITH for Pioneer project • ITH Extension year may be granted if Project complies with the following criteria (one criterion is equivalent to one ITH extension year,), provided that the total ITH entitlement period shall not exceed eight (8) years: • The average net foreign exchange earnings of the project for the first three (3) years of operations is at least US$500,000.00 and, • The capital equipment to labor ratio of the project does not exceed US$10,000.00 to 1 for the year immediately preceding the ITH extension year being applied for. o 3 years ITH for Expansion project (ITH applies to incremental sales) For questions, please call: 0923 5846916 or 0916 3544636
  • 17. Fiscal Incentives to Information Technology Enterprise• Upon expiry of the Income Tax Holiday - 5% Special Tax on Gross Income and exemption from all national and local taxes. (“Gross Income” refers to gross sales or gross revenues derived from the registered activity , net of sales discounts, sales returns and allowances and minus cost of sales or direct costs but before any deduction is made for administrative expenses or incidental losses during a given taxable period) For questions, please call: 0923 5846916 or 0916 3544636
  • 18. Fiscal Incentives to Information Technology Enterprise• Tax and duty free importation of equipment and parts.• Exemption from wharfage dues on import shipments of equipment. For questions, please call: 0923 5846916 or 0916 3544636
  • 19. Fiscal Incentives to Information Technology Enterprise• VAT zero-rating of local purchases of goods and services, including land-based telecommunications, electrical power, water bills, and lease on the building, subject to compliance with Bureau of Internal Revenues and PEZA requirements. For questions, please call: 0923 5846916 or 0916 3544636
  • 20. Fiscal Incentives to Information Technology Enterprise• Exemption from payment of any and all local government imposts, fees, licenses or taxes. However, while under Income Tax Holiday, no exemption from real estate tax, but machineries installed and operated in the economic zone for manufacturing, processing or for industrial purposes shall not be subject to payment of real estate taxes for the first three (3) years of operation of such machineries. Production equipment not attached to the real estate shall be exempt from real property taxes. For questions, please call: 0923 5846916 or 0916 3544636
  • 21. Fiscal Incentives to Information Technology Enterprise• Exemption from expanded withholding tax. For questions, please call: 0923 5846916 or 0916 3544636
  • 22. Non-Fiscal Incentives to PEZA-Registered Economic Zone Enterprises• Simplified Import – Export Procedures (Electronic Import Permit System and Automated Export Documentation System).• Non-resident Foreign Nationals may be employed by PEZA-registered Economic Zone Enterprises in supervisory, technical or advisory positions. For questions, please call: 0923 5846916 or 0916 3544636
  • 23. Non-Fiscal Incentives to PEZA-Registered Economic Zone Enterprises• Special Non-Immigrant Visa with Multiple Entry Privileges for the following non-resident Foreign Nationals in a PEZA-registered Economic Zone Enterprise : Investor/s, officers, and employees in supervisory, technical or advisory position, and their spouses and unmarried children under twenty-one years of age. PEZA extends Visa Facilitation Assistance to foreign nationals their spouses and dependents. For questions, please call: 0923 5846916 or 0916 3544636
  • 24. Sourcehttp://www.peza.gov.ph/ For questions, please call: 0923 5846916 or 0916 3544636