Dec 212015
The Asia-Pacific Economic Cooperation promotes free and open trade and investment thereby increasing competition throughout the Asia-Pacific region. This makes it an opportune time to offer an attractive business environment to foreign investors.
One of the tools for attracting foreign investment is fiscal incentives. Currently, several investment promotion agencies (IPAs) such as the Board of Investments, Philippine Economic Zone Authority (PEZA), and others grant tax holidays, investment allowances, accelerated depreciation, reduced corporate income tax rates, and exemptions from indirect taxes, to eligible investors.