Philippine Economic Zone Authority (Peza)
PEZA urges Congress not to ‘tinker’ with...
3 September, 2019 at 15:31
Philippine Economic Zone Authority (PEZA) Director General Charito Plaza said Philippine exports stand to benefit from the bitter trade war between the United States and China.
Lopez on proposal to amend Peza charter:...
29 August, 2019 at 08:25
The country’s trade chief has declared that bills seeking to enhance fiscal incentives granted to economic zone firms will be scrapped, saying these proposed measures contradict the objectives of the government’s Comprehensive Tax Reform Program.
PEZA fears IT Centers turning ‘ghost buildings’
27 August, 2019 at 14:56
The Philippine Economic Zone Authority (PEZA) said 18 registered IT Buildings and Parks hosting 60 POGOs (Philippine offshore gaming operators) are at risk of becoming ghost buildings on the Chinese government’s crackdown against offshore gambling operations by its nationals, including in the Philippines.
Amid CITIRA issues, exporters readying exit plans...
23 August, 2019 at 09:07
Japanese firm Cebu Mitsumi Inc. has dropped its plan to expand operations in the Philippines, opting instead to invest in Cambodia, due to concerns on the proposed changes in the incentives regime being pushed under the second package of the government’s tax reform program, the Philippine Economic Zone Authority (PEZA) said.
PEZA seeks status quo on tax perks
23 August, 2019 at 08:22
The Philippine Economic Zone Authority (PEZA) yesterday defended the need to maintain the status quo in providing tax perks to locators to encourage investments and promote ease of doing business, as well as avoid possible corruption and leakages.
Ecozone firms want out of Citira bill
19 August, 2019 at 11:55
Economic zone firms are asking legislators to make drastic changes to the Corporate Income Tax and Incentives Rationalization Act (Citira) bill, including the exclusion of locators from the measure’s provisions and removal of cap on the grant of fiscal incentives.
House panel rejects Peza exclusion plea
19 August, 2019 at 11:38
The chairman of the House Committee on Ways and Means on Sunday rejected the appeal of the Philippine Economic Zone Authority (Peza) to exclude its locators from the coverage of the proposed Corporate Income Tax and Incentives Rationalization Act (Citira), saying the lower chamber’s proposal is the “best” in Southeast Asia.
Tsinoy businessmen not keen on Trabaho bill
19 August, 2019 at 11:22
A federation of Filipino-Chinese businessmen expressed serious apprehension on the proposed Tax Reform for Attracting Better and High-quality Opportunities or TRABAHO Bill, the second tranche of tax reforms pushed by the Duterte administration.
PEZA wants citira exemption for ecozone firms
19 August, 2019 at 11:13
As the proposed second package of the government’s tax reform program hurdled the committee level at the House of Representatives, the Philippine Economic Zone Authority (PEZA) has urged Congress to reconsider the scope of the bill seeking to rationalize fiscal incentives by excluding ecozone locators, saying tax perks given by government to firms have yielded economic benefits.
Tax perks to select firms hit P1.12...
7 August, 2019 at 13:41
The Philippines gave away an estimated P1.12 trillion in tax incentives and exemptions to a select group of 3,150 companies from 2015 to 2017, according to the Department of Finance (DOF).
Peza to do performance audit of tax...
3 July, 2019 at 14:07
The Philippine Economic Zone Authority (Peza) will hire a consultant to audit the impact on the economy of the incentives it has extended to locators over the past two decades, amid claims of the Department of Finance that the tax perks has led to huge revenue loss for the government.
Hike in ecozone locators’ GIE to 8%...
2 July, 2019 at 12:45
At least P30 billion will be added to government coffers under the economic team’s plan to increase to 8 percent the tax on gross income paid by economic zone firms, Trade Secretary Ramon M. Lopez disclosed on Monday.
Moratorium puts 130 ecozone plans in limbo
26 June, 2019 at 11:19
More than 130 proposals to put up buildings for IT-BPM companies might now be stuck in limbo after the government banned new economic zones in Metro Manila for an indefinite period.
