Mining projects benefit from a competitive incentive package under the Omnibus Investments Code (Executive Order 226).

Fiscal incentives

Income Tax Holiday (ITH) of four (4) to eight (8) years reckoned from the scheduled start of commercial operation.

Duty free importation of capital equipment under Executive Order No. 528

Exemption from wharfage dues and export tax, duty impost and fees

Tax credit on raw materials and supplies that form part of the exported product

Additional Deduction for Labor Expense (ADLE) within five (5) years from start of commercial operations

Importation of consigned equipment for a period of 10 years from the date of registration, subject to posting of a re-export bond

The privilege to operate a bonded manufacturing/ trading warehouse subject to customs rules and regulations.

Non-fiscal incentives

Under the Omnibus Investments Code (Executive Order 226):

Employment of foreign nationals

Simplification of customs procedures for importation of equipment, spare parts, raw materials and supplies and exports of processed products.

Under the Philippine Mining Act (Republic Act No. 7942):

For pollution control devices

For income tax-carry forward of losses

For income tax-accelerated depreciation

Investment guarantees:

  • Repatriation of investments
  • Remittance of earnings
  • Foreign loans and contracts
  • Freedom from expropriation
  • Requisition of investment
  • Confidentiality