Republic Acts1 min read
Section 42Sec./Art. 42
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Incentive Scheme. - An additional deduction equivalent to one-half (1/2) of the value of training expenses incurred in developing skilled or unskilled labor or for managerial or other management development programs incurred by enterprises in the ECOZONE can be deducted from the national government's share of three percent (3%) as provided in Section 24.
The PEZA, the Department of Labor and Employment, and the Department of Finance shall jointly make a review of the incentive scheme provided in this section every two (2) years or when circumstances so warrant.
CHAPTER V
NATIONAL GOVERNMENT AND OTHER ENTITIES
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