Professional Documents
Culture Documents
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FOREIGN INVESTMENTS ACT OF 1991
QUALIFIED PROPONENTS:
- Foreign Nationals
- Former Filipino Citizens (Natural-born)
PURPOSE:
1. Cooperatives
2. Rural Banks
3. Thrift banks and private development banks
4. Financing companies
Requirement:
5. Exemption from wharfage dues and export tax, duty, impost and fees
- exports of non-traditional export products are exempt from
wharfage dues and any export tax, impst and fees.
6. Tax and duty free importation on breeding stocks and genetic materials.
7. Tax Credits:
a. duty portion of domestic breeding stocks and genetic materials
b. for taxes on raw materials
8. Additional deductions from taxable income