PEZA IT PARK :
First PEZA*-Approved I.T. Park in Southern Philippines
*Philippine Economic Zone Authority*
Proclaimed an Information Technology (I.T.) Ecozone by Pres. Gloria Macapagal Arroyo in January of 2005
Provisions for cables and telecom facilities where many telecom providers have put up their broadband nodes to cover redundancy
Interconnected electrical distribution system loop is connected to three CEPALCO substations, ensuring constant power supply
Link2support- the 1st large scale call center locator in Mindanao started operation in 2005
PHILIPPINE ECONOMIC ZONE AUTHORITY (PEZA) FISCAL BENEFITS TO INVESTORS
PEZA shall grant registered IT Enterprises the following incentives:
√√Income Tax Holiday (ITH) for four (4) years for Non-Pioneer IT Enterprises, or six (6) years for Pioneer IT Enterprises;
√√After the ITH period, the option to pay a special 5% tax on gross income earned, in lieu of all national and local taxes, except real property taxes on land owned by developers;
√√Exemption from payment of import duties and taxes on imported machinery and equipment and raw materials;
√√Additional deduction equivalent to 50% of training expenses, chargeable against the 3% share of the national government in the special 5% tax on gross income;
√√Permanent resident status for foreign investors with initial investments of US$ 150,000.00 or more;
√√Employment of non-resident aliens required in the operation of IT Enter-prises; and
√√Other incentives, as may be determined by the PEZA Board.
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