Philippines approves 2026 Strategic Investment Priority Plan to define tax holiday durations
The Philippines released a new plan in June 2026 that outlines how project location determines the length of income tax holidays. Registration authority and available benefits depend on whether an investment is in a specific zone.
The Philippines government finalized the 2026 Strategic Investment Priority Plan, approved in June 2026. This plan defines priority activities and industry tiers eligible for tax incentives. The location of a new project dictates its registration pathway and the duration of available income tax holidays. Projects situated in designated economic zones or freeports require oversight from different Investment Promotion Agencies (IPAs). The Philippine Economic Zone Authority (PEZA) manages registered zones and IT parks, while other areas fall under separate IPAs like Clark or Subic development corporations. All incentives are governed by the national CREATE and CREATE MORE Acts. These acts standardize corporate tax incentives across different jurisdictions. The specific incentive systems vary based on the project's economic zone rather than being identical for all investments. Location determines which authority handles registration and what length of tax holiday the company receives.
