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March 14, 2011 | 
Under the Philippines‘s Investment Priorities Plan– a list of promoted areas of investments issued annually by the Board of Investments (BOI) under the Department of Trade and Industry (DTI)– the business process outsourcing (BPO), information technology-enabled services (ITES) sectors and their investors enjoy fiscal incentives such as income-tax holidays, exemption from taxes, additional deductions from taxable income, and exemption from wharfage dues and export taxes, duties, imposts, and fees.
The government’s investment policies also provide non-fiscal incentives to ITES investors, which include employment of foreign nationals in supervisory, technical, or advisory positions; simplified customs procedures; and duty-free importation of consigned equipment.
The Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI), is the lead government agency tasked with promoting investments in the Philippines.
The BOI assists local and foreign investors in appropriate and profitable areas of economic activities and offers a separate range of incentives to ICT investors, which include the following:
- Income-tax holiday;
- Exemption from taxes and duties on imported spare parts;
- Exemption from wharfage dues and export taxes, duties, imposts, and fees;
- Tax credits;
- Additional deductions from taxable income.
Detailed information on investment costs, including registration and tax rates, as well as tariff topics, are all available on the official DTI Web site.
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