Phividec Industrial Authority

February 7, 1985 FIRB RESOLUTION NO. 012-85 SUBJECT : Phividec Industrial Authority BE IT RESOLVED, AS IT IS HEREBY RESOLVED, That: 1. Estates/areas enterprises duly registered with the Phividec Industrial Authority and engaged in the export of its entire output or production shall be eligible for incentives administered by the Export Processing Zone Authority, under the terms and conditions set forth in Presidential Decree No. 66, as amended, effective October 15, 1984: However, all local sales of such registered producer shall be taxed in accordance with the applicable provisions of the customs and internal revenue tax laws. 2. Estates/areas enterprises duly registered with the Phividec Industrial Authority and engaged in the sales of its entire output or production in the local market may apply for incentives administered by the Board of Investments, under the terms and conditions set forth in Batas Pambansa Blg. 391, effective October 15, 1984. cdt 3. For purposes of incentives availment, the Phividec Industrial Authority shall coordinate with the Export Processing Zone Authority and the Board of Investments in designating and/or identifying the estates/areas or portions thereof which shall be allocated to export and/or domestic production activities. (SGD.) ALFREDO PIO DE RODA, JR. Acting Minister of Finance Acting Chairman, FIRB Refer to minutes of FIRB Meeting No. 4-85 (January 31, 1985)