Tax perks for Bulacan airport project backed

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The tax perks being considered for the San Miguel Corp. (SMC)-led New Manila International Airport project will result in at least P38 billion in forgone revenue for the government, but Albay Rep. Joey Salceda on Friday said the gains from the conglomerate’s P740-billion investment would take precedence.

Asked by the Inquirer Friday how much would the foregone revenue be from the fiscal incentives to be extended to the planned “aerotropolis” in Bulacan, as approved by the House ways and means committee last Wednesday, its chair Salceda replied: “Around P38 billion in national revenue from the period of construction, and around P1.5-2 billion annually once the airport begins to operate…

Keep on reading: Tax perks for Bulacan airport project backed

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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