RA 9728 (October 23, 2009) provides for the conversion of the existing Bataan Economic Zone located in the Municipality of Mariveles, Province of Bataan into a special economic zone and freeport to be known as the Freeport Area of Bataan (FAB). It will be under the management of the Authority of the Freeport Area of Bataan (AFAB).
It should be noted that the Bataan Economic Zone was previously under the umbrella of the PEZA.
Registered enterprises operating within the FAB shall be entitled to the existing pertinent fiscal incentives as provided under RA 7916, as amended by RA 8748 or those provided under EO 226, as
amended.
The fiscal incentives shall, however, be terminated after a cumulative period of twenty (20) years from the date of registration or start of commercial operation.
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