For New Investments Expansion Projects

1. Exemption from payment of:

1. Mayor’s and building permit fees and other charges based on the amount of capitalization as follows:

P 2.0M – P5.0M       - 3 years

P 5.0M – P10.0 M    - 4 years

P 10.0 M  and up     - 5 years

2. Franchise Tax for 2 years

3. Amusement Tax as follows:

1^st year    - 100%

2^nd year   - 75%

3^rd year   -  25%

4. Basic Real Estate tax on property and improvement, building and machineries, based on the value of investments as follows:

P 1.0 M – P 3.0M  - 2 years

P 3.0 M  - P 5.0M   - 3 years

P 5.0 M  and up     - 5 years

2. Tax reduction or tax credits for expenditure on the following:

1. Construction of public infrastructure – 100% deduction (roads, bridges, etc.) accessible to public use

2. Aesthetic improvement on buildings – direct cost

3. Clean and green projects at P 5,000.00 per growing tree designated areas of the city

Total deductions, however, must not exceed 30% of the business gross receipts.

 

Existing enterprises without any new investments or will not expand may avail of the incentives under tax reduction or tax credit.

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