NOTES

PERIOD OF AVAILMENT

The period of availment for ITH under Title XIII of the Tax Code, as amended

by seven are either for (7) both Special years Export depending Corporate
Enterprises Income on location and Tax Domestic and (SCIT) industry Market or
Enhanced priqrities. Enterprises Deduction The shall ITH be (ED) will for summarizedbe
four followed(4) to

as follows:

Subject to conditions, projects or activities of RBEs located in areas recovering

from armed conflict or a major disaster shall be entitled to two (2) additional years
of ITH. The Tax Code further also provides that an additional three (3) years of ITH
shall be granted to a project or activity relocating from the National Capital Region
(NCR).

INVESTMENTS PRIOR TO EFFECr1VITY OF CREATE ACT

 Registered business enterprises whose projects or activities were granted only an ITH
prior to the effectivity of this Act shall be allowed to continue with the availment
hereof for the remaining period of the ITH as specified in the terms and
conditions )fheir registration: Provided, that for those that have been granted the ITH
but have yet availed of the incentive upon the effectivity of this Act, they may use the
ITH Orthe period specified in the terms and conditions of their registration.