Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT CREATING THE DEPARTMENT OF INVESTMENT PROMOTION AND DEVELOPMENT, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
June 19, 2018
Scope
Legislative History
| House Bill/Resolution NO. HB07873 |
| FULL TITLE : AN ACT CREATING THE DEPARTMENT OF INVESTMENT PROMOTION AND DEVELOPMENT, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES |
| ABSTRACT : Mandates the Department of Investments Promotion to be the lead investment promotion agency of the Philippines that shall promote both foreign and domestic investments; formulate and implement the Investments Strategy and Action Plan of the country; and harmonize, rationalize, and prioritize in a Comprehensive Investment Incentives Program, the grant of national tax and non-tax incentives for small, medium, and large scale investors, industries, institutions, and corporations on the basis of criteria that are performance-based, tightly-targeted, time-bound, and transparent. |
| ALIAS NAME : "Charter of the Department of Investments Promotion." |
| PRINCIPAL AUTHOR/S : ABAYON, HARLIN NEIL III J. |
| DATE FILED : 2018-06-19 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Sy-Alvarado (000 2018-08-07) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT REORGANIZATION ON 2018-07-30 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON TRADE AND INDUSTRY |
Abstract
Mandates the Department of Investments Promotion to be the lead investment promotion agency of the Philippines that shall promote both foreign and domestic investments; formulate and implement the Investments Strategy and Action Plan of the country; and harmonize, rationalize, and prioritize in a Comprehensive Investment Incentives Program, the grant of national tax and non-tax incentives for small, medium, and large scale investors, industries, institutions, and corporations on the basis of criteria that are performance-based, tightly-targeted, time-bound, and transparent
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.