Tuesday , July 29 2025
QC ordinance updating incentives for medium and large enterprises approved
QC Business Permits and Licensing Division Head Margarita Santos and QC Mayor Joy Belmonte at the Quezon City Negosyo Center. Photo courtesy of the Philippine Information Agency

QC ordinance updating incentives for medium and large enterprises approved

Quezon City Mayor Joy Belmonte has approved an ordinance updating the incentives provided to medium and large enterprises as part of ongoing efforts to further propel the city’s economic growth and development.

Belmonte signed Ordinance No. SP-3296, S-2024, amending Ordinance No. SP-2219, S-2013, to offer better and more customized fiscal incentive packages to medium to large businesses in the city.

The Ordinance was introduced by Councilors Wencerom Benedict Lagumbay, Dorothy Delarmente, Emmanuel Banjo Pilar, and Albert Alvin Antonio III.

“We have implemented necessary changes to the incentives we provide to medium and large enterprises as part of our ongoing efforts to attract more businesses and investors to channel their resources, expand or relocate their activities in the City to strengthen local economic progress,” Belmonte said.

Under the ordinance, new medium and large enterprises with an asset size of above Php 15 million excluding land value, may apply for a two-year exemption from business tax, amusement tax, franchise tax, and real property tax on registered land and new buildings constructed within two years from registration.

An additional year of exemption will be given if a newly registered enterprise is engaged in a business listed in the latest Investment Priorities Plan of Quezon City such as circular and sustainable infrastructure, creative economy and industry, inclusive economy, and innovation and development.

Businesses planning to expand or establish a new branch in Quezon City can benefit from a two-year exemption from business tax, amusement tax, franchise tax, and real property tax on registered lands and new buildings constructed within two years of the registration of the office or additional branch.

Businesses relocating their principal offices to Quezon City may receive a 10-year tax exemption from situs tax for all their gross sales outside of Quezon City.

The Ordinance also provides incentives to loyal businesses that have maintained their principal office in Quezon City for 15 years, giving them a 10-percent discount on their situs tax for all gross sales outside of Quezon City for one year.

Businesses seeking to avail of these incentives must register with the Local Economic Investment Promotions Office (LEIPO), subject to the approval of the QC-Economic Development and Investments Board.

The LEIPO is also responsible for monitoring compliance with the ordinance and ensuring its proper implementation.

Krystall Herbal Products and FGO Branches

About hataw tabloid

Check Also

PNP Nicolas Torre III Baste Duterte

C/PNP Torre excited sa charity boxing vs Baste Duterte

BUONG TIKAS na sinabi ni Philippine National Police (PNP) chief Gen. Nicolas Torre III na …

072625 Hataw Frontpage

Kahit sinong voter o taxpayer maaaring kumuwestiyon
4TH TERM SA KAMARA NG MISIS NI SPEAKER ROMUALDEZ DELIKADONG ‘PRECEDENT’ – ATTY. MACALINTAL

HATAW News Team HINDI lamang political opponents, kundi kahit sinong registered voter o taxpayer ay …

Jose Antonio Ejercito Goitia Liza Araneta Marcos

GOITIA BINANATAN ONLINE BLOG NA IDINADAWIT SI FIRST LADY
“Trahedya ‘wag gamitin bilang sandata sa politika.”

MARIING kinondena ni Dr. Jose Antonio Goitia, Chairman Emeritus ng apat na kilalang civic organizations, …

AFAD

Association of Firearms and Ammunition Dealers of the Philippines, Inc.
AFAD kaagapay ang gobyerno sa responsableng pagmamay-ari ng baril, Suporta sa Philippine shooting team

ASAHAN ang mas masigla at progresibong industriya ng baril sa hinaharap dahil  sa suporta ng …

Online Betting Gambling

Bans don’t work: Like liquor, gambling won’t disappear even if prohibited

As calls to ban online gambling grow louder, longtime liquor retailers are reminding policymakers of …