Monday, February 12, 2018

Fiscal Incentives - Duty Free Importations

A number of legislation were enacted during the 15th and 16th Congress (July 2010-March 2016) which grants exemption from payment of taxes and duties on various types of importations.

These include
RA 9490 (The Civil Aviation Authority Act of 2008),
RA10068 (Organic Agriculture Act of 2010),
RA 10121 (The Philippine Disaster Risk Reduction and Management Act of 2010),
RA 10349 (The New Armed Forces Modernization Act) and
RA 10747 (Rare Diseases Act of the Philippines).

The exemption from taxes and duties on importation is designed to promote and assist the hasten
development and improvement of the aforementioned sectors by being able to bring in additional equipment and resources without incurring additional expenses.

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...