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DTI: TRABAHO, NEGOS I: TRABAHO, NEGOSYO, O, KABUHA KABUHAYAN, A - PDF document

Oct 31, 2023 •481 likes •677 views

17/04/2018 WALLACE BUSINESS FORUM 17 April 2018 www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines DTI: TRABAHO, NEGOS I: TRABAHO, NEGOSYO, O, KABUHA KABUHAYAN, A N, AT K KONS NSYUMER

  1. 17/04/2018 WALLACE BUSINESS FORUM 17 April 2018 www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines DTI: TRABAHO, NEGOS I: TRABAHO, NEGOSYO, O, KABUHA KABUHAYAN, A N, AT K KONS NSYUMER YUMER (TNKK) (TNKK) www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 1

  2. 17/04/2018 We w want t nt to pro provide ide more liv more livelihood b elihood by attracting more attracting more in investments. stments. www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines Ho How do we attract more w do we attract more in invest stor ors? s? www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 2

  3. 17/04/2018 6.7% 2017 GDP Construction 5.4% 10.2% EXPORTS Manufacturing 8.6% Agriculture 3.9% US$ 10.05 Bn FDI Industry Services 7.2% 6.7% Foreign Direct FDI in Manufacturing soared 3 MAJOR SECTORS Investments (2017) 244% in 2017 www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines IMPR IMPROVED PO POTE TENTIAL CAP L CAPACI CITY TO TO SUST SUSTAI AIN GR N GROWTH TRAJ TH TRAJECTORY www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 3

  4. 17/04/2018 www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines AGGRESSIVE INVESTMENT AGENDA TO SPRINGBOARD TOWARD HIGHER GROWTH The government’s infrastructure program should expand absorptive capacity. www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 4

  5. 17/04/2018 PROSPECTS FOR THE PHILIPPINE ECONOMY REMAIN BRIGHT • The Philippine economy is expected to sustain its growth momentum over the medium term, consistent with third party assessments . www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines BO I Appr oved 39.6% Increase Highest in 50 year Invest m ent s history. 43.3% Business Confidence Php 442 B Php 367 B Php 617 B US$ 7. 9 B 9.5% 2015 2016 2017 Consumer Confidence Philippines is the BEST COUNT BEST COUNTRY Y to invest in Manufacturing www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 5

  6. 17/04/2018 PHILIPPINES’ CREDIT RATING Baa2 BBB BBB Fitch upgraded PH rating last 15 January 2018, S&P reaffirmed PH ratings as of 18 January 2018, and Moody's reaffirmed PH ratings last 27 June 2017. www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines DEMO DEMOGRA GRAPHI HIC S C SWEE EET SPO T SPOT Filipinos are younger compared to the rest of the world. The median age in the Philippines is 23.1 years old. This is equivalent to the age of someone who recently graduated from college. USA, 37. 1 UAE, 30. 2 JAPAN, 45. 4 VIET NAM US$ 7.9 B THAILAND, 34.7 PHILIPPINES, 23.1 www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 6

  7. 17/04/2018 ENTREPREN ENTREPRENEURSH EURSHIP OPPORTUNITIES OPPORTUNITIES Mindset : Embrace the right positive entrepreneurial attitude Mastery : Master the know‐how and how‐tos of entrepreneurship Mentoring : Provide continuous business guidance, with help from private sector partners Markets Access : Link MSMEs to domestic and foreign markets Machines : Equip MSMEs with machines and improved technologies to innovate and produce better products more efficiently Money : Provide alternative & accessible sources of financing for MSMEs Models : Provide business ideas and models www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines ENTREPREN ENTREPRENEURSH EURSHIP ENTREPRENEURSHIP OPPORTUNITIES OPPORTUNITIES OPPORTUNITIES www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 7

  8. 17/04/2018 MINDSET, MASTERY & MINDSET, MASTER MINDSET MASTERY & Y & MENT MENTORING ORING MENTORING 816 established www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines MONEY MONEY MONEY www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 8

  9. 17/04/2018 MACHINE MACHINE MA CHINE 2,231 164,668 Established SSFs Jobs generated 1.195B 307,855 Cost Beneficiaries www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines MACHINE COCO COIR MACHINE WEAVING MACHINE DRY POWDER PACKAGING TURMERIC TEA MACHINE www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 9

  10. 17/04/2018 On Labor Contractualization www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines Labor Contractualization S ECURITY OF T ENURE & F AIR R ETURN G LOBALLY P ROTECTION C OMPETITIVE TO W ORKERS I NVESTMENTS I NDUSTRIES R IGHTS www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 10

  11. 17/04/2018 F LEXIBLE W ORK A RRANGEMENTS W ORKERS WITH CONTRACTING & F ULL RIGHTS & SUBCONTRACTING B ENEFITS S ECURITY OF O UTSOURCING T ENURE www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines DTI’ S P ROPOSED S TRUCTURE VS . C URRENT P RACTICE C URRENT P RACTICE P ROPOSED S TRUCTURE www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 11

  12. 17/04/2018 FAIR AND HARMONIOUS RELATIONSHIP BETWEEN LABOR AND CAPITAL www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines On Tax Reform for Acceleration and Inclusion Package 2 www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 12

  13. 17/04/2018 General principles of TRAIN Package 2 Time- Performance Targeted Transparent Based Bound www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines Importance of TRAIN Package 2 1) Will reduce Corporate Income Tax Rate for all 2) Will modernize incentives regime (i.e. more responsive & relevant) in terms of: – What activities & Who can be given incentives? – What incentives can be given? www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 13

  14. 17/04/2018 What & who can be given incentives? Current TRAIN P2 Filipino‐owned Filipino‐owned or Foreign‐ 1. Activities under the owned Investment Priorities Plan 1. Activities under the (IPP), both for Domestic or Strategic Investment Export markets Priorities Plan (IPP), both 2. Export‐oriented for Domestic or Export Foreign‐owned markets 1. Activities under IPP, but for 2. Export‐oriented (PEZA) Export markets 2. Export‐oriented (PEZA) www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines What incentives can be given? Current TRAIN P2 • Basic ‐ Income Tax Menu of Incentives, subject to SIPP • Holiday for 4yrs Income Tax Holiday • 50% tax allowance for investment (of actual – Add’l years subject capex incurred w/in 3 years); to certain conditions • Double deduction for R&D and training expenses ; (e.g. pioneering, • Additional deduction for labor expense ; labor and/or forex • 100% deduction for infrastructure generation) development ; • Deduction for reinvestmen t allowance to • PEZA & certain IPAs manufacturing industry – 5% tax on Gross • Enhanced NOLCO (net operating loss for 1st 4 years from the SCO may be carried over Income Earned (GIE) w/in next 10 consecutive taxable years) • Accelerated Depreciation www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 14

  15. 17/04/2018 Example of what will happen to a locator in PEZA and in some IPAs Current TRAIN P2 Project A (registered on Yr 1) Project A • Yr 1‐4: Enjoy ITH • Yr 1‐4: Project A, • Yr 5‐end of project life: Regular Corp. enjoy Income Income Tax (CIT) Tax Holiday (ITH) Project B (registered on Yr 4) • Yr 5‐forever: 5% • Yr 4‐8: Enjoy ITH GIE • Yr 9‐end of project life: Regular CIT Project C (registered on Yr 6) • Yr 6‐9: Enjoy ITH • Yr 10‐end of project life: Regular CIT www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines Proposed TRAIN 2 Incentives Package Then 2 years of the following: 1. 15% reduced corporate income tax; 2. 50% tax allowance for investment (of actual capex incurred w/in 3 years) ; + 3. Double deduction for R&D and training expenses ; 4. Additional deduction for labor expense ; 5. 100% deduction for infrastructure 3‐year development ; 6. Deduction for reinvestmen t allowance to Income manufacturing industry Tax 7. Enhanced NOLCO (net operating loss for 1st 4 years Holiday from the SCO may be carried over w/in next 10 consecutive taxable years) 8. Accelerated Depreciation www.facebook.com/DTI.Philippines www.twitter.com/DTIPhilippines www.Instagram.com/DTI.philippines 15

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