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LGU City Of San Fernando, Pampanga Ready To Give Up To 100% Incentive Grant On Business Tax To New Investors! [ Tuesday, 4th of August 2015 | 2 years ago ]
City of San Fernando, Pampanga together with the Investment Incentive Board chaired by Mayor. Edwin D. Santiago are ready to accept application for the Incentive Grant to new and existing investor in the city that are under the Investment Priority Area (IPA). This falls under the Ordinance No. 2011-020 also known as the 2012 Investment Incentive Code of the City of San Fernando, Pampanga.
Up to 100% incentive in business tax can be awarded to the qualified investment depending on the cost of capitalization. The application of incentive grant will validated and approved by the Investment Incentive Board composed of both public and private sector such as representative from DTI, NEDA, City Government, Federation of Home Owners, Pampanga Chamber of Commerce and the Education Sector.
The Investment Incentive Code aims to attract new investments, both local and foreign, keep and retain existing investments and encourage their expansion by creating a business-friendly environment which in turn generate income and employment for the Fernandinos and promote economic development.
The city had already awarded 100% incentive grant in business tax to the Hilcres Management Corporation for the Best Western Bendix Hotel. Next in line is the LGC Event Center under the Laus Group of Companies presented by Mr. Levy Laus. –IPO
LGU City Of San Fernando, Pampanga Ready To Give Up To 100% Incentive Grant On Business
City of San Fernando, Pampanga together...