Rural dev’t, COVID response efforts eyed for tax breaks

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The Board of Investments (BOI) wants to give tax breaks to projects that will help in the COVID-19 response effort such as mass-production of face masks, but the proposal still remains pending in Malacaang two weeks after its submission for approval.

The BOI included COVID-19-related projects under the 2020 Investment Priorities Plan (IPP), a list of preferred business activities that should be given tax breaks.

Moreover, the BOI also included activities that support the so-called Balik Probinsya Program, a late addition in the IPP to accommodate the proposal of Sen. Christopher “Bong” Go to decongest Metro Manila at a time when authorities are trying to contain the spread of COVID…

Keep on reading: Rural dev’t, COVID response efforts eyed for tax breaks

The Philippine Daily Inquirer, popularly known as the Inquirer, is an English-language newspaper in the Philippines. Founded in 1985, it is often regarded as the Philippines' newspaper of record.

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