• NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US
Baguio Chronicle
  • NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US
No Result
View All Result
  • NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US
No Result
View All Result
Baguio Chronicle
No Result
View All Result
Home Business

City eyes 5 year tax exemption for investors

Angel Castillo by Angel Castillo
August 29, 2022
in Business, News
Reading Time: 1 min read
City eyes 5 year tax exemption for investors
7
SHARES
25
VIEWS

IN a bid to attract more investors into the city of Baguio, the Local Investment and Incentives Board is attempting a few amendments to the city’s local investment and incentives code.

City Budget Officer Leticia O. Clemente stated that the proposed amendment to the code will help in providing easier ways by which prospective investors can do business with the local government.

In particular, the city’s  local economic development and investment promotion (LEDIP) unit is eyeing a potential five-year upgrade in the tax privileges offered to investors in the city.

ADVERTISEMENT

Currently, the city is providing tax privileges for business and real property taxes for five years on a graduated basis to investors.

With the new proposed amendments, the city would offer investors business and real property tax exemptions for five years.

Earlier, the Department of the Interior and Local Government (DILG) issued Memorandum Circular (MC) No. 2020-167 on the promotion of LEDIP and the establishment of LEDIP offices or units in all provinces, cities, and municipalities.

 

ADVERTISEMENT
Previous Post

Investors sought for Magalong’s 50 redev’t projects

Next Post

P21.6m in traffic fines collected in Baguio

Angel Castillo

Angel Castillo

Angel graduated with a bachelor's degree in Journalism from the University of the Philippines Baguio. As the youngest on the team, he writes on mental health and well being, and the millennial’s point of view.

Related Posts

Baguio waiting for Urdaneta landfill to reopen

January 23, 2023

More private investors for parking facilities in Baguio

January 23, 2023

Allow small-scale mining, Benguet provincial gov’t asks DENR anew

ACT lawmaker slams NTF-ELCAC red-tagging lectures in Cordi school

Two former barangay execs in Baguio jailed over bidding fraud

Botanical Garden now locked behind online registration

Latest Stories

Verhungern – Ad nauseam, ad infinitum

January 26, 2023

Grassroots Etc – Baguio on my mind…till we meet again

January 26, 2023

Fortnight – Why settle for a boring Baguio?

January 26, 2023

Baguio Chronicle

 

The Baguio Chronicle is the fastest- growing news publication in Northern Luzon today. It was established on December 6, 2009 in Baguio City.

© 2022 The Baguio Chronicle Website Design and Development by Neitiviti Studios.

No Result
View All Result
  • NEWS
    • NATION
    • CORDILLERA
  • BUSINESS
  • GREEN
  • OPINION
    • EDITORIAL
  • FEATURE
  • FACT CHECK
  • HEALTH
  • LIFESTYLE
  • LITERATURE
  • SPORTS
  • ADVERTORIALS
  • ABOUT US
    • CONTACT US

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In