Live Breaking News & Updates on Mong Others Tier Ii Was Defined As Activities Quot Envisioned To Promotea Competitive And Resilient Economy Fill In Gaps The Philippines 39 Industrial Value Chains

President Rodrigo Roa Duterte (File photo) MANILA - President Rodrigo R. Duterte has approved the 2022 Strategic Investment Priority Plan (SIPP) which aims to identify industries to which the government hopes to attract investment by offering tax incentives. The 2022 SIPP, which will be a companion document to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law, is contained in Memorandum Order No. 61 signed by Duterte on Tuesday but released to reporters on Thursday. Under the memorandum, activities listed in the 2020 Investment Priorities Plan (IPP) were retained and included under Tier I of the newly formulated SIPP. Duterte signed the 2020 IPP on Nov. 18, 2020. It took effect on Dec. 6, 2020. The IPP is the government's blueprint of priority economic activities that qualify for fiscal incentives. It covers the production or manufacture of medicines, medical equipment, and devices, personal protective equipment (PPE), surgical equipment, and supplies, among ot ....

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