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Part of the. . . . . . REVISED LOCAL INVESTMENT INCENTIVES ORDINANCE OF THE CITY OF BUTUAN SP ORDINANCE 2075 - 96  
 

 

AMOUNT OF INVESTMENT YEAR OF EXEMPTION
PhP 1,000,000 to 2,000,000 Five ( 5 ) years
Over 2,000,000 to 5,000,000 Seven ( 7 ) years
Over 5,000,000 to 20,000,000 Eight ( 8 ) years
Over 20,000,000 to 50,000,000 Nine ( 9 ) years

Over 50,000,000 and above

Twelve (12 ) years

   Section 10 - Only participating members who have invested and amount of more than 20 million pesos, Philippine currency can be granted an extension period of another ten (10) years upon the recommendation of the Local Investment Board and subject to the approval of the Sangguniang Panlungsod.

    Section 11 - TAX HOLIDAY INCENTIVES - All qualified and accepted applicants to this Investment Incentive Program shall enjoy the following Tax Exemption Privileges for a period stated in Section 9, hereof, viz:
a)    Exemption from the payment of all kinds of taxes imposed by the city under existing tax or revenue ordinances
b)    Exemption from the payment of all licenses and permit fees;
        However, all participants to this Incentive Program are still required to secure Mayor's Permit necessary to operate their business, provided, the issuance thereof, is ministrial.


    c)    Exemption from inspection and examinations of Books of Accounts and other pertinent records of business except when allowed by the Board.
 

Section 12. - OTHER PRIVILEGES

b)    Free use of government land owned by the City Government for a period of twenty (20) years,  if the participating business concerned shall construct an infrastructure at the less developed area of the city, subject to the approval of the Sangguniang Panlungsod; provided, however, that the ownership of the said infrastructure constructed will be transferred to the city government upon the expiration of the twenty (20) year period as abovesaid; provided, further, that in case the participating member decides to continue its business operation after the expiration of the twenty (20) year period, he may continue to occupy the infrastructure facilities without any rental, except to pay for the rental of the lot where the infrastructure was constructed at a resonable rate to be approved by the Sangguniang Panlungsod upon the recommendation of the Local Finance Committee; provided, finally, that the proposed site is not allowed for a specific government use;

b)    Exemption from local contractor's tax should the participating business concerned decides to transact business with the city government, it being a qualified contractor.

Section 13 - Existing businesses of whatever kind or nature that are retired for the purpose of availing of this Investment Incentive Program shall no be allowed to apply under this ordinance.

Section 14 - COVERAGE - Business enterprise applicants having the following type of nature of business shall be given priority under this Investment Program:

    a)    Labor Generating Enterprises;

    b)    Enterprises to be established in less developed areas of the city as maybe determined by the Zoning and Land Use Ordinance;

    c)    Manufacturing enterprises using raw materials available locally;

    d)    Manufacturing or Processing Plants;

    e)    Tourism Oriented Enterprises;

    f)     Pioneering Enterprises;

    g)    Water and Power Resources Development Enterprises . . . . . . . . . .



For more information write or call

LOCAL INVESTMENT BOARD

Mayor Democrito "Boy Daku" Plaza II

City Mayor - Chairman Local Investment Board

(63 - 85) 2253-028        
(63 - 85) 2253-694

or The Secretariat -LIB

City Mayor's Office

City Hall, Doongan, Butuan City, 8600 Philippines

or

Mr. Rodrigo L. Dayaday
City Administrator
(63 - 85) 2264-498

OR CLICK THESE FOR OTHER BUSINESS CONTACT