Republic of the Philippines Board of Investments PHILIPPINE RETIREMENT AUTHORITY INCENTIVES FOR THE RETIREMENT INDUSTRY STAKEHOLDERS

Income tax holiday Incentives for the necessary and major infrastructure and facilities in less-developed areas Employment of foreign nationals Additional deduction for labor expense BOARD OF INVESTMENTS (BOI) INCENTIVES

Income Tax Holiday (ITH) or Exemption from Corporate Income tax for four years, extendable to a maximum of eight years; After the ITH period, the option to pay a special 5% Tax on Gross Income, in lieu of all national and local taxes; Exemption from duties and taxes on imported capital equipment, spare parts, supplies,and raw materials. Domestic sales allowance of up to 30% of total sales; Exemption from wharfage dues and export taxes, imposts and fees; Additional deduction of 50% of the total cost of manpower training Special Visa for foreign investors and immediate family members Employment of foreign nationals and dependents Other incentives under EO 226, as may be determined by PEZA Board PHILIPPINE ECONOMIC ZONE AUTHORITY(PEZA) INCENTIVES

*Exclusive lane for retirees (departure and arrival) * Retirees’ Information/Assistance Desk * Use of VIP Lounge Manila International Airport Authority INCENTIVES

* 1000 scholarship slots for critical skills in the retirement industry for this year * Upgrade of skills and/or abilities of services required Technical Education and Skills Development Authority (TESDA) INCENTIVES

* Guarantee and technical assistance in so far as loan opportunities are concerned for developers and retirees Trade and Investment Development Corporation of the Philippines (TIDCORP) INCENTIVE

* Retirement Desk in police stations where retirement Villages or clusters are located *Increased police visibility and patrol *Deployment of detachment where needed PNP/AFP INCENTIVES Back to Main