Incentives

INCENTIVES

Fiscal Incentives Provision to Registered Enterprises

  • Exemption from business tax within five (5) years from the start of commercial operations for Large Scale enterprises.
  • Exemption from business tax within three (3) years from the start of commercial operations for Medium Scale enterprises.
  • Exemption from business tax within two (2) years from the start of commercial operations for Small Scale enterprises.

Effectivity of the Incentives

              Any exemption or incentive granted shall take effect only during the next calendar year for a period not exceeding twelve (12) months as may be provided in the ordinance. In the case of shared revenues, the exemption or relief shall only extend to the share of the municipality in the said tax.

What are the application requirements

Documents to be Submitted*

  1. Seventeen (17) copies of the complete application form to be provided for by the Board
  2. Seventeen (17 copies of the complete project of the proposed investments to be economically, technically and financially feasible and viable;
  3. Seventeen (17) copies of its Articles of Incorporation  and By-Laws as approved by the Securities and Exchange Commission and Board of Investments, as the case may be;
  4. Seventeen (17) copies of Certified true copy of Certificate of Registration with Securities and Exchange Commission, Board of Investments and Department of Trade and Industry as the case may be;
  5. Seventeen (17) copies of the resolution of Directors, in case of corporation, authorizing the filing of application

 

How much does it cost

Required Filing Fee:

Capital

Amount (Php)
15M -75M 2,000
75M- 300M  5,000
Above 300M 10,000

 

*Filing Fee is non-refundable.

Who can avail of the incentives?

A New or Existing Enterprise can avail the incentive if the nature of its business is included in the Preferred or Priority Investment Areas and has a minimum project cost of 15M upon compliance with the minimum requirements mandated under existing national and local laws and the Constitution.

 

Criteria / Qualifications for Incentives

Enterprise   (New/Existing)

Capitalization
Small Scale 15M – 75M
Medium Scale Above 75M – 300M
Large Scale Above 300M

 

  • Place of operation or production is within the territorial jurisdiction of Baliwag, Bulacan.
  • The investment or expansion project is among the identified Preferred or Priority Investment Areas.
  • The new enterprise will provide employment to the people of Baliwag, labor and administrative to no less than 70%, of the total direct and indirect needed employees.

Special Incentive

Registered enterprises which are compliant with the Local Climate Change Action Plan and Green Air Act, as well as the top 10 paying registered business enterprises which forms, supports and manages sports teams for the Sports Development of Baliwag, shall be entitled to additional discount, as provided in the Implementing Rules and Regulations (IRR) of the Baliwag Investment Incentive Code.

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