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Income tax perks of CALABARZON locators extended

The Philippine Economic Zone Authority announced Friday the extension of the validity of income tax holiday to all locators in CALABARZON affected by the eruption of Taal Volcano.

PEZA director general Charito Plaza said in a briefing Friday all locators still enjoying ITH as an incentive but have suffered interruptions in operation because of the disaster could expect an automatic adjustment in the ITH schedule.

“In addition we are also prioritizing parts importation of companies with damaged machineries as a result of the eruption,” she added.

Plaza said locators must draw up business continuity plans outlining how they intend to do business in the face of the volcano’s eruption and prepare “emergency response plans.”

PEZA will establish its own ‘Incident Command System and Center’ where ecozones, industries, workers and other stakeholders can get information and direction in times of natural or man-made disasters and emergencies.

It plans to require all prospective locators to provide geo-hazard certificates on top of environmental clearance certificate as part of their PEZA application.

“One of the requisites for proclamation of an economic zone is the ECC that is issued by the Environmental Management Bureau of DENR. Before DENR issues such ECC, the EMB requires environmental impact statement for the land development,” Plaza said.

Plaza referred to the Department of Environment and Natural Resources and unit Environmental Management Bureau.

PEZA is also drawing up a plan to ensure the safety of all its ecozones, starting with master planning, taking off from the public zones in Mactan, Cavite, Baguio, and Angeles, Pampanga.

Topics: Philippine Economic Zone Authority , income tax holiday , CALABARZON , Taal Volcano eruption
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