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
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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