Fiscal Incentives
- New investments in priority economic activities under Section 7 and other priority economic activities under Section 8 registered under The Revised City of Ilagan Investment & Incentives Code of 2022 shall be entitled to fiscal incentive under the following schedule :
Capital Investment | Rate of Business Tax Incentives | ||||
| YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | |
| P3,000,000.00 To P5,000,000.00 | 100% | 50% | 25% | 10% | – |
| Over P5,000,000.00 To P15,000,000.00 | 100% | 50% | 25% | 10% | 10% |
Over P15,000,000.00 To P100,000,000.00 | 100% | 60% | 40% | 10% | 10% |
| Over P100,000,000.00 To P200,000,000.00 | 100% | 100% | 80% | 40% | 20% |
| Over P200,000,000.00 | 100% | 100% | 100% | 40% | 20% |
- Real Property Tax (RPT) Exemption for one (1) year subject to minimum requirements and shall be governed by general guidelines stipulated in The Revised City of Ilagan Investments and Incentives Code of 2022
Non-Fiscal Incentives
Registered enterprises shall be entitled to the following non-fiscal incentives
Assistance in business registration
Facilitating service connections with local utilities
Assistance in site selection and negotiation for right of way
Joint venture partner identification
Networking with concerned agencies for manpower and training of workers
Referral to technical and financial assistance programs
Opportunities to participate in trade fairs and exhibits entrepreneur development and training, and inclusion in business matching
After Care services such as advisory services, intervention and support services
Registration Requirements
Submit at the Local Economic Development and Investment Promotions Office the checklist of requirements with the following required documents:
- Three (3) copies of duly accomplished application form with Board Resolution authorizing the application, if applicable;
- A copy of project feasibility study;
- Applicable clearances and permit; and
- Official Receipt for the payment of registration fee, as follows:
| Capital Investment (PhP) | Registration Fee |
|---|---|
| ₱ 3,000,000.00 to ₱ 5,000,000.00 | ₱ 1,000.00 |
| Over ₱ 5,000,000.00 to ₱ 15,000,000.00 | ₱ 3,000.00 |
| Over ₱ 15,000,000.00 to ₱ 100,000,000.00 | ₱ 5,000.00 |
| Over 100,000,000.00 | ₱ 10,000.00 |
Process Flow
Eligible registered enterprises may file their application on availment of incentives in the Local Economic Development and Investment Promotions Office. Below is the process flow:
FIling
- LEDIPO determines completeness of application, including proof of payment of registration fee
- Stamped date received – date of official acceptance
- Logging in the application book
10mins
EVALUATION/APproval
- LEDIPO evaluates the proposed project
- LEDIPO submits recommendation to CIIB
- CIIB to resolve application
- LEDIPO to inform applicants of the decision
20 working days
Issuance
- Certificate of Registration with terms and conditions
10mins