list of peza registered companies 2020

Date of Coverage: 01/01/2016 - 01/01/2022 Further, taxpayers who took the more conservative position of claiming deductions based on the enumeration can amend their previously filed income tax returns to deduct the other direct costs. February 07, 2023. 11-05, which removed the exclusivity of the expense list. Information Technology companies are attended to by Head Office. February 07, 2023. These requirements may vary depending on the sector. Date of Coverage: 11/15/2020 - 11/15/2020 Cruz, City of Sta. The law is intended to attract foreign investment and boost employment through the introduction of a harmonized set of tax incentives that are available from various Investment Promotion Agencies (IPAs) such as the Philippine Economic Zone Authority (PEZA), Board of Investments, Subic Bay Metropolitan Authority, Clark Development Corp., etc. This is to ensure that the benefits secured by the company while in operations are due and appropriate as the PEZA registered company must show that it has complied with its registration agreement it executed with PEZA when it availed of the PEZA benefits while it has been in operations. List of Importers and Brokers under Investigation. Learn more about this in this article. Or select the recommended agencies below: Not sure which one to send? The content is for general information purposes only, and should not be used as a substitute for specific advice. One of the advantages of setting up a business in Manila is the access to government agencies, with it being the business center in the Philippines. Browse all agencies or ask us. Cavite Economic Zone is one of the ecozones in the province of Cavite. Instead, the BIR stated that the enumeration provided is merely a set of examples; hence, other types of direct expenses can still be claimed as deductions under the 5% GIT regime. Qualified entities registered with the Clark Development Corporation and located in the Clark Freeport Zone are entitled to similar incentives. Unfortunately, while the BIR has updated its rule on the non-exclusivity of deductible expenses for PEZA, the DoF has not changed its position for SFZ and CFZ enterprises. We would like to express our intention to offer our Services to all company inside Technopark. In its ruling, the SC confirmed the non-exclusivity of the list of allowable deductions for purposes of computing PEZA-registered enterprises' 5% gross income tax. Chart. PEZA, in coordination with the local government, the Bases Conversion and Development Association (BCDA), and Clark Development Community (CDC), drove more foreign businesses to the country, including the BPO sector through the establishment of Clark Freeport Zone. Date of Coverage: 12/01/2020 - 12/01/2020 Philippine Economic Zone Authority (PEZA), formerly known as Export Processing Zone Authority (EPZA), is a government agency in the Philippines attached to the Department of Trade and Industry created to help promote investments in the export-oriented manufacturing industry into the country by assisting investors in registering and facilitating their business operations and providing tax . PEZA incentives, requirements and locations, Top 20 VOIP service providers for call centers, Income Tax Holiday (ITH) of up to six years, A special tax rate of 5% of gross income after ITH and exemption to pay all national and local taxes, Tax-free and duty-free importation of machinery, raw materials, and equipment, VAT zero-rating of local purchases of goods and services, Exemption from wharfage dues on import shipments of equipment, Employment of non-resident foreign nationals in supervisory, technical, or advisory positions, Extended visa assistance to foreign nationals, their spouses, and dependents, Information technology (IT) sector or the IT-BPOs. of administrative personnel product line affected; what will happened to the workers assigned in this specific product line. 2 - The order implementing Freedom of Information in the Philippines. ASEAN. Date of Coverage: 02/25/2023 - 02/25/2023 This means that the regular ratio of 10% remote work and 90% on-site work arrangements for registered IT-BPO firms were canceled and member companies were allowed to 100% operate remotely. Industries most often affected by government incentives in country Technology, Media & Telecom Financial Services Date of Coverage: 01/01/2020 - 11/04/2020 We will begin the service by determining your eligibility for registration and we will take you through all the other steps for your company to be registered. The following are the Non-Fiscal Incentives: A Filipino enterprise can register their activity with the BOI if their project is listed as a preferred project in the current IPP. Accessed March 01, 2023. https://www.statista.com/statistics/900981/philippines-manufacturing-companies-in-peza-registered-zones/, ASEAN. Browse all agencies or ask us. Date of Coverage: 02/17/2023 - 02/17/2023 Founded in 1995 under Republic Act 7916, PEZA is given the government's order of promoting, overseeing, and assisting . Knowledge-based and computer-enabled services, such as architectural and engineering consultancies, etc. Paste anywhere to share anywhere. Learn more about the Philippine government, its structure, how government works and the people behind it. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). October 21, 2020. PEZA, or the Philippine Economic Zone Authority, is an agency attached to the Department of Trade and Industry (DTI) tasked to facilitate locator companies operating in different special economic zones across the country. Tracking no: #PEZA-381719740789, Requested from PEZA by M. Vista at 02:47 PM on The IPP is significant since all industries whose business activity falls under the list can be registered as such and shall enjoy fiscal and non-fiscal benefits. October 15, 2017. February 17, 2023. They can now live a comfortable life and even spend more time on recreation, bonding with their families, and developing their passion. March 01, 2023. Of course, the amendment would also extend the statute of limitations for the BIR to audit the return, so this must also be considered against the potential tax savings. In terms of location, nearly all are located in the key cities of Metro Manila, particularly Quezon City, Makati, and Taguig. UPDATES AND CORRECTIONS ON THE STATUS OF ACCREDITED IMPORTERS AND BROKERS. However, if it fails to meet the pioneer classification, it can likewise opt to be an export-oriented firm to qualify for BOI registration. The SCIT is similar to the 5% gross income tax (GIT) under the previous incentive regime, which is computed based on the registered enterprises gross income. Come chat with our outsourcing expert now. Date of Coverage: 01/01/2019 - 12/31/2019 For enterprises registered with the Philippine Economic Zone Authority (PEZA) subject to 5% gross income tax (GIT), aside from issues on TP and the effects of the CREATE bill, one concern is determining expenses considered direct costs for purposes of computing GIT. Date of Coverage: 01/01/2021 - 12/31/2021 PEZA approval and specific incentives granted are on a case to case basis. December 04, 2020. As soon as this statistic is updated, you will immediately be notified via e-mail. In PEZA MC No. Or select the recommended agencies below: Not sure which one to send? Let us help you manage your legal and regulatory needs so you and your staff can focus your attention on where it matters most your core business. Tracking no: #PEZA-339778494282, Requested from PEZA by C. Aberilla at 09:51 PM on In 2016, the number of manufacturing . In the case of PEZA-registered entities, the Bureau of Internal Revenue (BIR) issued two Revenue Regulations in 2005 (RR Nos. Aside from the alignment of the tax incentives, the law still allows qualified enterprises to avail of the Income Tax Holiday (ITH) and a Special Corporate Income Tax (SCIT) rate of 5% after the ITH period. January 30, 2023. Audited Financial Statements (for the last 3 years for existing . Purpose: This is for Research and verification Purpose: Architectural Thesis tower e-square i.t. To continue, select the name of the government agency you would like to request information from. Date of Coverage: 01/01/1960 - 02/27/2023 Many foreign companies setting up export enterprises in the Philippines such as outsourcing and offshoring operations may opt to register withPEZAfor tax incentives. Tracking no: #PEZA-865183002774, Requested from PEZA by J. Negad at 03:33 PM on Date of Coverage: 01/01/2023 - 02/15/2023 Here is a list of the requirements and the deadlines for submission from the Bureau of Internal Revenue (BIR . In addition, the position of having the list of expenses as non-exclusive is consistent with the PEZA Law, which states that costs and expenses directly related to the registered activity and are not administrative, marketing, selling, and/or operating expenses or incidental losses shall be allowed as deductions. from this government agency, Requested from PEZA by A. Macariola at 09:58 AM on Fast forward to 2022, work from home (WFH) was proven effective, especially in the IT-BPO sector. With the ongoing Build, Build, Build project, foreign investors are continuously encouraged to invest and establish businesses in the country to develop more jobs and opportunities for the Filipinos. February 25, 2023. Date of Coverage: 01/01/2015 - 12/31/2017 This is because all the various government entities for which the company was registered, including PEZA, will have to be notified of such closure and certain requirements must first be complied with before that particular government agency clears the company that would like to close. Updated General Information Sheet and company profile in case of corporations; the company or trade profile in case of cooperatives, partnership and sole proprietors, c. Mayors Permit and Proof of lawful occupancy of office, OFFICE OF THE COMMISSIONER All content is in the public domain unless otherwise stated. Purpose: Marketing The economic zone started to thrive in 2013, with the rise of expansions of business process outsourcing firms such as Sitel. PHILIPPINE ECONOMIC ZONE AUTHORITY. As a Premium user you get access to background information and details about the release of this statistic. February 07, 2023. On March 2, 2021, the Supreme Court handed down its decision on Commissioner of Internal Revenue vs. East Asia Utilities Corp. (G.R. Purpose: Research Paper To continue, select the name of the government agency you would like to request information from. 7. 225266). Is an attached agency of Department of Trade and Industry (DTI). Updated General Information Sheet and company profile; the company or trade profile in case of sole proprietors or individuals, b. Browse over 546 Learn more about the Executive Order No. Effective Date: Dec 06, 2022 10:00 AM. Not only does it benefit IT-BPO companies, but they can also help their employees have better take-home pay for their families and bigger benefits through investing in their employees skills. 4. Purpose: Compliance requirements Updated General Information Sheet and company profile in case of corporations; the company or trade profile in case of cooperatives, partnership and sole proprietors b. If you believe this request is not suitable, you can report it for attention by the site administrators. As such, other direct expenses not on the list can also be deducted. The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 2,300+ BPO companies all designed to make it easier for clients to learn about and engage with outsourcing. Tracking no: #PEZA-795259676467, Requested from PEZA by A. Garcia at 02:56 PM on Submit the duly accomplished application form along with other required documents. Tracking no: #PEZA-455795633926, Requested from PEZA by B. It takes the same position as BIR RR 2-05. List of Accredited and Expired Importers and Brokers as of October 19, 2020, Revoked Customs Accreditation of Importers and Customs Brokers as of July 20, 2020, Revoked Customs Accreditation of Importers and Customs Brokers for the period of January 2019 up to May 27, 2020, LIST OF REGISTERED BALIKBAYAN BOX DECONSOLIDATORS WITH CORRESPONDING CONSOLIDATORS, UPDATES AND CORRECTIONS ON THE STATUS OF ACCREDITED IMPORTERS AND BROKERS, IMPORTERS WITH ISSUES/CONCERN IN THE BUREAU, OFFICE OF THE COMMISSIONER The construction of IT parks and centers contribute to this ranking. Copyright 2023 Xternalco Philippines Accounting Firm, Project brief the completion of the project brief entails the submission of additional documents relating to the statements made therein, Board Resolution authorizing the filing and designation of a representative, SEC Certificate of Registration, Articles of Incorporation and By-Laws, Project Feasibility Study information and documents necessary in the preparation of the project feasibility study, Description of the new project (include description and uses of the service), Potential market, marketing costs, marketing program, List of equipment, country of equipment origin, rated capacity, and corresponding costs, Materials, their sources and prices; supply contracts, if any; ratio of imported to local materials, if applicable, Types and volume of wastes and waste disposal system, Certificate of registration with the Securities and Exchange Commission; and, Number of employees, position and salary rates, training to be provided and length of training, classification of employees as to a) skilled, semi-skilled, and unskilled, b) direct, indirect, and administrative, Number of foreign experts to be hired, positions, salary rates, length of stay, Projected volume of sales, selling price, and unit of measure, Breakdown of other dollar costs (interest on loans, salaries of foreign personnel), Number of workdays per year, number of shifts per day, Sources of financing (please indicate whether loans to be obtained are foreign-currency-denominated or not), Latest audited financial statements, if any; and, Parent companys latest volume and value of sales, net income, total assets, and number of total employees, if applicable, Exemption from taxes and duties on imported spare parts, Exemption from wharf age dues and export tax, duty, impost and fees, Reduction of the Rates of Duty on Capital Equipment, Spare parts and Accessories by virtue by Virtue of EO 528, Tax exemption on breeding stocks and genetic materials. Date of Coverage: 11/23/2020 - 11/23/2020 The ideal entry-level account for individual users. Purpose: For Research and Verification To date, the fully-occupied CEZ has around 426 companies. Date of Coverage: 10/01/2020 - 10/21/2020 Application for PEZA Visa (PV) Application Form Application Form for Accreditation as Residual Waste Hauler (RWH) Application Form Brief on PEZA Awards Application Form Building Permit and/or Ancillary Permits Requirements Checklist Certificate of Completion (Civil Works) Relevant Forms Certificate of Completion (Electrical Works) Relevant Forms Unfortunately, for a PEZA registered entity the list to close or delist a registered activity is long. Based on the latest Tholons 2019 Report, Manila still places at the 2nd spot in the Top 100 Super Cities, next to Bangalore. 225266, Nov. 16, 2020). The Philippine government was particularly worried about call center workers and other graveyard shift employees as they have a lower immune system than employees in other industries. Purpose: Research Your email address will not be published. philippine economic zone authority list of enterprises with approved investments as of 31-dec-2018 enterprise name zone location 1 & 1 internet (philippines), inc. cebu i.t. Requests for personal information and vexatious requests are not considered valid requests for Official Information. TYPE OF # ENTERPRISE NAME NATIONALITY ZONE LOCATION ENTERPRISE 1 123 TEN, INC. [formerly: THE 52.76% - American; 21.11% I.T. Tracking no: #PEZA-917911053373, Requested from PEZA by K. Vosotros at 02:51 PM on Jan 06, 2022. All importers and customs brokers shall submit yearly within fifteen (15) days, to be counted from the date of approval of BOC accreditation, the following documents, to wit: a. Purpose: Research and analysis Purpose: Academic Research As of November 2021, there are 415 operating ecozones in the country. However, an activity which is not listed, may also be entitled to incentives if the following conditions are met: For foreign-owned firms or those whose foreign participation exceeds 40% of the outstanding capital stock who intend to engage in domestic-oriented activities, they can only be registered with BOI if they propose to engage in an activity listed or classified in the IPP as pioneer. After company registration with PEZA, sometimes it is inevitable that these companies with registered activities with PEZA close shop. Business process outsourcing firms, from SMEs to enterprises, have the opportunity to expand their businesses to prime locations and special ecozones within the country, enabling them to cater to more clients and create more jobs for the Filipinos in the farthest locations. Pulong, Sta. Other than the opportunity to establish a business at one of the economic centers in the Philippines, registered business enterprises (RBEs) are also entitled to: Aside from tax incentives, economic zone authority PEZA also gives its foreign members and their families benefits, such as: With the ability to enjoy tax incentives and the chance to be in one of the economic centers in the country, the BPO Industry will surely thrive in the country while enjoying the cheap cost of labor and equipment as well. An enterprise must register with PEZA and locate their operation in one of thePEZA zones, buildings, IT Parks, or Technology Parks to obtain tax breaks and incentives offered by PEZA. To address this issue, the Philippine Economic Zone Authority, under PEZAs Bayanihan business assistance, allowed its member companies to shift to remote work as a temporary measure. Purpose: College research purposes You only have access to basic statistics. A paid subscription is required for full access. Generally, PEZA follows a 7-step registration process: Submit application documents for pre-screening. Join the free live session now. Notarized undertaking signed by the highest responsible official stating that: all terminated/affected workers/employees will be paid of all monies due them, 5. November 17, 2020. Tracking no: #PEZA-059819858678, Requested from PEZA by D. Benavidez at 02:51 PM on 2. Total No. Tracking no: #PEZA-694213357374, Requested from PEZA by A. Faraon at 10:46 AM on ("IT Service Activities" are activities which involve the use of any IT software and/or system for value addition). November 13, 2020. The good thing is that in November 2020, the Supreme Court (SC) finally put an end to the issue when it held that the deductible costs and expenses in RR No. IT-enabled services such as data entry, transcription, call center, etc. Tracking no: #PEZA-659494271317, Requested from PEZA by N. Nebres at 10:48 AM on January 30, 2023. For easy reference, below is the list of reporting requirements and deadlines set by the PEZA Implementing Rules and Regulations (IRR): Types of reports. Mr. Tereso O. Panga has been designated as the Officer-in-Charge of PEZA by virtue of Memorandum Circular No. 01 dated 30 June 2022 and Memorandum Circular No. Date of Coverage: 01/01/2022 - 02/07/2023 Use Ask Statista Research Service, U.S. gross domestic product contributions 2000-2021, by sector, U.S. Manufacturing Purchasing Managers' Index (PMI) 2021-2023, U.S. monthly change in the manufacturing sector employment 2021-2023, U.S. monthly Producer Price Index for finished goods 2021-2023. Please do not hesitate to contact me. List of Balikbayan Box Deconsolidators with Pending Registration Application as of June 30, 2017. There has been an ongoing debate as to which expenses can be deducted under the 5% GIT regime. 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