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INVESTMENT AND INCENTIVE CODE OF 2014
Excerpts from Tuguegarao City Investment and Incentive Code
 

FISCAL INCENTIVES

A registered enterprise qualified under this Code shall benefit from Business and Real Property Tax exemptions that will be provided on a graduated basis within three (3) years from the start of its commercial operation.

For the first year of operation an exemption of 75% will be given, 50% on the second year and 25% on the third year. However, all participants to the Incentive Program are still required to secure the permits necessary for the operation of their business.

“Green Incentives”  are given to enterprises as Payment for Environmental Services (PES). PES projects may be in the form of environmental protection and climate change adaptation in poor, marginalized sectors of the society, technical and financial assistance on sustainable livelihood activities, green tech

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