Sunday, October 02, 2022

6. Availment of Tax Exemptions Pursuant to Local Investment Incentive Code

Tax exemptions are provided to investors, businessmen, or corporations in accordance to the Omnibus Investments Code of 1987, as amended, to integrate the basic laws on investments, clarifying and harmonizing their provisions to encourage and guide domestic and foreign investors. The Local Investment Incentive Code is seen as an effective marketing tool to boost economic development through the attraction, generation, retention, expansion, and /or diversification of investments and development of local industries and businesses in the area.

Service Details

OFFICE OR DIVISION:

MUNICIPAL PLANNING AND DEVELOPMENT OFFICE

CLASSIFICATION:

HIGHLY TECHNICAL

TYPE OF TRANSACTION:

G2B - Government to Business

WHO MAY AVAIL:

Investors, Businessmen or Corporations with: a. New Projects; b. Expansion Projects; c. Modernization Projects; and/or d. Diversification Projects.

CHECKLIST OF REQUIREMENTS:

WHERE TO SECURE

a. General Requirements:

• Duly accomplished and notarized application form;

Local Economic and Investment Promotion Office (LEIPO)

• Certified true copy of the primary registration of the applicant to do business in the Philippines

Department of Trade and Industry (DTI), Securities and Exchange Commission (SEC), or the Cooperative Development Administration (CDA), as applicable

• If the applicant has already commenced operations, its latest available comparative audited financial statements acknowledged/received by the Bureau of Internal Revenue and the SEC (in the case of corporations)

Client

• Proof of proposed place of business which shall show that the main operating facility, whether a services/manufacturing/production facility or plantation, and not just the warehouse or the administrative office of the applicant, is located within the territorial jurisdiction of the Municipality (E.g. Tax Declaration of Real Property or Land Title)

Municipal Assessor’s Office of LGU Manolo Fortich / Registry of Deeds

b. Requirements for those Registered under an Incentive Law

• Certified true copy of its Certificate Registration with the appropriate Registering Agency pursuant to the applicable Incentive Law granting the applicant’s business, investment incentives, including the terms and conditions of the same

Philippine Economic Zone Authority (PEZA) or Bureau of Immigration (BOI) - 10

• Proof of commencement of commercial operations, if commercial operations has commenced (e.g. Business Permit)

Business Permit and Licensing Office (BPLO) of LGU Manolo Fortich

• Copy of the feasibility study/Project Study submitted to the Registering Agency

Philippine Economic Zone Authority (PEZA) or Bureau of Immigration (BOI) - 10

c. Additional Requirements for Local Registrants

• Project Study

Client

• Proof that the applicant meets the criteria pursuant to which its claiming eligibility to avail of incentives

Client

• Other specific permits applicable to the business of the applicant by virtue of its location or the nature of its activity, e.g., Environmental Clearance Certificate (ECC)

Environmental Management Bureau (EMB) – Department of Environment and Natural Resources (DENR)

CLIENT STEPS

AGENCY ACTION

FEES TO BE PAID

PROCESSING TIME

PERSON RESPONSIBLE

1 . 1. Files and Submits Complete requirements for application.

1.1. 1.1 Evaluates completeness of the application form and other requirements so that the applicant can be advised immediately of any errors in the application form or any missing documentary requirement

None

20 minutes

LEIPO Designate- OIC-MPDC Municipal Planning and Development Office

1.2. 1.2 Once complete, logs in the Registration Application Logbook and stamps “Received” the application form. The date stamped on the application form and entered in the Registration Application Logbook shall be considered as the Date of Official Acceptance of the application.

None

5 minutes

LEIPO Designate – OIC-MPDC Municipal Planning and Development Office

1.3. 1.3 Issues an Order of Payment for a non-refundable filing fee

None

3 minutes

LEIPO Designate – OIC-MPDC Municipal Planning and Development Office

2 . 2. Pays Filing Fee at MTO and Submits photocopy of Official Receipt to LEIPO

2.1. 2.1 Issues Official Receipt

PhP 2,000.00

3 minutes

Municipal Revenue Collector II Municipal Treasurer’s Office

2.2. 2.2 Checks the Official Receipt

None

1 minute

LEIPO Staff Designate – Administrative Aide IV Municipal Planning and Development Office

3 . 3 Publishes once in a newspaper of general circulation in the province using the required format (except for Micro Enterprises)

3.1. 3.1 Verifies publication of application.

Price may depend on the circulation

Time may vary

LEIPO Staff Designate – Administrative Aide IV Municipal Planning and Development Office

3.2. 3.2 For Micro Enterprises, posts the fact of application (and the same information required to be published) in the provincial hall and in the municipal hall

Amount may vary

Time may vary

LEIPO Staff Designate- Administrative Aide IV Municipal Planning and Development Office

3.3. 3.3 Conducts ocular inspection at the premises of the business, if necessary.

None

1 day

LEIPO and Staff Designate – OIC-MPDC/ Administrative Aide IV Municipal Planning and Development Office

3.4. 3.4 Prepares evaluation and recommendation report.

None

1 hour

LEIPO Staff Designate – Administrative Aide IV Municipal Planning and Development Office

3.5. 3.5 Submits the report to the Local Investment and Incentives Board (LIIB).

None

5 minutes

LEIPO Staff Designate – Administrative Aide IV Municipal Planning and Development Office

3.6. 3.6 Approves/disapproves the application.

None

Time may vary

Local Investment and Incentives Board (LIIB) and LEIPO designate (OIC-MPDC) Municipal Planning and Development Office

3.7. 3.7 Informs the applicant in writing of the Board’s action on its application, together with the terms and conditions of the approval/registration

None

Within sixty (60) calendar days from the Date of Official Acceptance in the case of Local Registrants; Within thirty (30) days for those already registered with Registering Agencies.

LEIPO Staff Designate – Administrative Aide IV Municipal Planning and Development Office

4 . Receives Certificate of Registration

4.1. 4.1 Issues and releases the Certificate of Registration

None

Five (5) working days from the date of approval of the application by the Board

LEIPO designate (OIC-MPDC) and Staff -Administrative Aide IV Municipal Planning and Development Office

TOTAL

Amount may vary

Time may vary *Estimate: 20 days