Domestic manufacturing investment tax incentive

In 2022, the government of the Philippines introduced tax incentives for investments in domestic clean energy technology manufacturing activities, in the framework of the 2022 Strategic Investment Priority Plan. Both foreign and domestic investors are eligible for the tax reductions, for the following sectors: 

• Electric vehicles
• Renewable energy, 
• Energy storage,
• Activities that address value-chain gaps in the steel, chemicals, green metals processing, and crude oil refining sectors

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