Investments that create jobs and have a “measured capacity” could prequalify for tax incentives under this year’s list of priority areas, the Board of Investments (BOI) said Monday.
BOI executive director Lucita Reyes told reporters that investments that have either job creation potential or measured capacity shall prequalify for tax perks under the 2011 Investment Priorities Plan (IPP), the drafting of which is ongoing.
According to the Omnibus Investments Code of 1987, measured capacity is the “estimated additional volume of production or service which the [BOI] determines to be desirable in each preferred area of investment in order to supply the needs of the economy at reasonable prices…”
Meanwhile, prequalification is a means to rationalize the grant of fiscal perks in line with efforts to plug revenue leaks amid a huge budget deficit.
“Unlike before, once a project is listed [on the IPP], it is automatically qualified,” Reyes said. — JE/VS, GMANews.TV
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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