The Bangsamoro Economic Zone Authority (Beza) can now grant incentives to investors.
 
This was announced by the Fiscal Incentive Review Board (FIRB) in late January. It also said that the BEZA was authorized to be an investment promotion agency (IPA) for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
 
Beza Executive Director Sukarno Abas described this status as a milestone that would “enable the agency to fully operationalize its authority to grant fiscal and non-fiscal incentives to investors and enterprises willing to set up or establish their businesses in the BARMM economic zones.”
 
The FIRB agreed to certify Beza as an IPA, “giving it the authority to grant incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, which provides tax relief measures for
businesses.”
 
https://businessmirror.com.ph/2024/02/12/bangsamoro-eza-can-now-grant-incentives-to-investors/

Published : 19-Feb-2024