Tax Incentives Offered

Income Tax Holiday (ITH)

Special Corporate Income Tax (SCIT) based on Gross Income Earned, in lieu of all national and local taxes

Enhanced Deductions (ED)

Duty exemption on importation of Capital Equipment, raw materials, spare parts, or accessories

Value Added Tax (VAT) exemption on importation and VAT Zero-rating on local purchases

Value Added Tax (VAT) and duty exemption on importation of Covid 19 vaccines

Value added Tax (VAT) and duty refund on importation of petroleum products

Value Added tax (VAT) exemption for importation of crude oil for refining process

๐‡๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐œ ๐Œ๐จ๐ฆ๐ž๐ง๐ญ ๐š๐ฌ ๐‚๐€๐‘๐ƒ ๐๐š๐ง๐ค ๐ˆ๐ง๐š๐ฎ๐ ๐ฎ๐ซ๐š๐ญ๐ž๐ฌ ๐…๐ข๐ซ๐ฌ๐ญ ๐‚๐จ๐ง๐ฏ๐ž๐ง๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ฌ๐ฅ๐š๐ฆ๐ข๐œ ๐๐ซ๐š๐ง๐œ๐ก ๐ข๐ง ๐‚๐จ๐ญ๐š๐›๐š๐ญ๐จ ๐‚๐ข๐ญ๐ฒ

Cotabato City, January 22, 2024 – In a groundbreaking event on Monday, January 22, 2024, CARD Bank proudly opened the doors of its first conventional Islamic bank, marking a significant


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