Republic Acts1 min read
Section 9Sec./Art. 9
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Duration of Incentives. - Enterprises registered with the ASEZA may enjoy ITH or NOLCQ granted by the latter prior to the availment of the five percent (5%) GIE.
Fiscal incentives under this Act shall be terminated after a cumulative period of twenty (20) years from the date of registration or start of commercial operation, whichever is applicable, except that it could be extended with regard to industries deemed indispensable to national development.
The industries exempted from this provision shall be recommended by the BOI, with the concurrence of the Secretaries of the Departments of Finance and Trade and Industry.
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