E.O. 85 - 3-year duty-free importation of capital goods

[admin]

President Duterte signed E.O. 85 last July 19, 2019 extending by 3-years the duty-free importation of capital goods of a BOI-Registered Enterprise.
The duty-free importation has started under E.O. 57 signed last year, June 22, 2018

The objectives of the EO are:
-To assist start-up and business expansion
-Encourage foreign direct investment by making the Philippines globally competitive

See the complete text of the EOs from the Official Gazette:
E.O. 85
https://www.officialgazette.gov.ph/2019/...85-s-2019/

E.O. 57
https://www.officialgazette.gov.ph/2018/...57-s-2018/