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Amendments to Bases Conversion Act by Hjktdmhm is a document available to read on EtoBox.

What is Amendments to Bases Conversion Act about?

This document is a bill amending the Bases Conversion and Development Act of 1992. It proposes changes to tax incentives for businesses operating in special economic zones including Subic Bay and Clark. It would implement a 5% tax on gross income in lieu of all national and local taxes for businesses in these zones. It also outlines how the tax revenue would be distributed to national and local governments. The bill aims to promote investment and economic activity in these former military base areas.

Author

Hjktdmhm

Language

EN