Fiscal Incentives - RA 7718 (amendment of BOT Law)

RA 7718 which was approved on May 5, 1994 is another law which provides investment related incentive. This RA amends certain sections of RA 6957 (BOT Law) and adds an incentive provision whereby projects in excess of P1 billion shall be entitled to the incentives granted per EO 226 upon
registration with the BOI. Non-tax incentives include access to a wide array of business prospects nationwide, plus the assurance of each prospect’s viability and access to new sources of funding.