Fees Exemption

During the first three years of commercial operation, registered enterprises are fully exempted from the following dues:

• Mayor's Permit Fee
• Business Manager's Fee
• Oath Fee
• Building Permit Fee
• Other ocal licenses, fees, and dues
  

Excluded are Health Certificate Fee, Sanitary Permit Fee, Garbage Collection Fee, Fire Inspection Fee, Tax on Billboard, Tax on Delivery Van, and Tax on Weight and Measures.

The following real properties, equipment and devices are exempted:

• Commercial buildings or improvements of the buildings, or both, and the lots where these buildings are constructed, provided that the subject lot is owned by the applicant or has legal interest in it.
• Equipment or devices or investments for pollution control and environmental protection; and fire protection equipment.
• Commercial or residential lands used exclusively for parking purposes, provided that no commercial activity shall be conducted within the premises and that all available parking spaces shall be open to the public.
• Lots used as public roads

The aforementioned tax exemptions shall start upon occupancy or completion of the building -- whichever comes first -- and shall be provided under the following schedule:

Gross Sales Tax Exemption

For a period of not more than six years, starting from the date of approval of their applications, registered investors shall be entitled to the following reductions and exemptions in business tax from the gross sales or receipts earned or realized during the preceding calendar year: