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Suntech iPark PEZA

PEZA Incentives

Income Tax Holiday (ITH) for four (4) years for Non-Pioneer IT Enterprises, or six (6) years for Pioneer IT Enterprises.

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Suntech iPark PEZA

PEZA Incentives for Suntech iPark Locators

  • 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 Enterprises.
  • Other incentives, as may be determined by the PEZA Board.

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