INCENTIVE LAWS ADMINISTERED

The CENTER processes claims for tax credits and duty drawback claimed under the following incentive laws:

1. Executive Order No. 226 (Omnibus Investment Code of 1987), as amended by Republic Acts 7918 and 7369: Tax credits on raw materials and domestic breeding stock for firms registered with the Board of Investments.

2. Section 106 of the Tariff and Customs Code of the Philippines, as amended: Tax credits on imported raw materials.
3. Section 112 of the National Internal Revenue Code: Tax credits on creditable input VAT due or paid, attributable to zero-rated or effectively zero-rated sales.
4. Republic Act 7844 (Export Development Act of 1994): Tax credits for increase in export revenues.
5. Section 9 of Republic Act 8479 (An Act Deregulating the Downstream Oil Industry): Tax credits on domestic capital equipment for companies registered with the Board of Investments in refining, storage, marketing and distribution of petroleum products.
6. Section 35 of Republic Act 8550 (Philippine Fisheries Code of 1998): Tax credits on fuel consumption of commercial fishing vessel operators engaged in fishing in the high seas.