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
Sept 5 – Oct 5
National Teachers Month
“Pay teachers decent wages,
Pay attention to teachers!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September
Monthly Observances:
Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 5)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: 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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