The CREATE Law – Republic Act 11534 – provides tax and fiscal incentives for qualified business activities registering under the AFAB. The type of incentives an enterprise can receive would be based on their business activity tier and target market.

Is my business qualified for incentives?

To check if your business activity is eligible for tax and fiscal incentives, it should be included in the Strategic Investment Priority Plan . The business activity tiers can also be found in the 2022 SIPP.

 

For other related references, click here

What incentive can i get as an export market enterprise?

Export market enterprise is defined as manufacturing or services resulting in direct exportation, or forming part of final export product/service, of at least 70% of its total production or output. For the complete definition, please refer to the CREATE Law Implementing Rules and Regulations

 

Export market enterprises are eligible for the following incentives:

 

 

For clarifications, you may send your inquiries to info@afab.gov.ph.

what incentive can i get as an domestic market enterprise?

Domestic market enterprises are eligible for the following incentives:

 

 

For clarifications, you may send your inquiries to info@afab.gov.ph.

what other tax and fiscal invetives can we avail of?

  • For export and domestic enterprises: Customs duty exemption on importation of capital equipment, raw materials, spare parts or accessories.
  • For export enterprises: Value-Added Tax (VAT) exemption on importation, and VAT zero-rating on local purchases.
  • Exemption from wharfage dues, export taxes, impost and fees.
  • Admission of duty-free tax-exempt vehicles.