Bill Type
Congress Name
Long Title
AN ACT RESTRUCTURING THE FISCAL INCENTIVES UNDER EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED, AMENDING PERTINENT ARTICLES OF THE CODE, PROVIDING FOR PENALTIES IN VIOLATION THEREOF, AND FOR OTHER PURPOSES
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 386, 12th Congress of the Republic | |
| FULL TITLE : AN ACT RESTRUCTURING THE FISCAL INCENTIVES UNDER EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED, AMENDING PERTINENT ARTICLES OF THE CODE, PROVIDING FOR PENALTIES IN VIOLATION THEREOF, AND FOR OTHER PURPOSES | |
| ABSTRACT : This bill proposes to extend the maximum period for the income tax holisay offered to especially desirable investors from [eight (8]) to TWELVE (12) years, subject to the approval of the Secretary of Finance, and compliance with certain conditions.This extension merely tries to ALIGN the Philippines' income tax holidays such that it matches that of our neighboring countries. | |
| PRINCIPAL AUTHOR/S : SALCEDA, JOEY SARTE | |
| DATE FILED : 2001-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Zialcita | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Chatto (077 ) | 2. Syjuco (041 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE ACTION: ctte. ref'l as per J.5;p.30 (July 31,2001);j t. ref'ls as per J.17;p.15( Aug. 28,2001) | |
| MOTHER BILL: House Bill No. 6011, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2001-07-24 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON TRADE AND INDUSTRY, ECONOMIC AFFAIRS |
Abstract
"This bill proposes to extend the maximum period for the income tax holisay offered to especially desirable investors from [eight (8]) to TWELVE (12) years, subject to the approval of the Secretary of Finance, and compliance with certain conditions.This extension merely tries to ALIGN the Philippines' income tax holidays such that it matches that of our neighboring countries."
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.