Export enterprises' option to apply for new incentives under RA 11534 CREATE Philippines

RA 11534 CREATE Philippines likewise provides that existing registered business enterprises with PEZA,
BOI, and other IPAs may have the option to apply for new incentives under RA 11534 CREATE. This is
something they would have to carefully evaluate as it seems they can still continue their existing
incentives until expiration of the ITH granted to them and up to 10 years of 5% gross income taxation or
until April 10, 2031.

Relocation to avail of ITH extension for 3 years under RA 11534 CREATE Philippines

Under RA 11534 CREATE Philippines, existing registered business enterprises with PEZA, BOI, and other
IPAs may as well consider relocating their business from National Capital Region (NCR) to metropolitan
areas or areas adjacent to NCR or to other areas within the Philippines to avail of an ITH extension for 3
years from completion of relocation. Notably, the rationalization of tax incentives under RA 11534
CREATE has put much consideration to developing other areas outside NCR so that relocating an existing
registered enterprise with IPAS could be an option for avail of the new tax incentives based on
qualification.