The government will provide tax incentives to the winning bidder of the P170.6-billion deal to rehabilitate, optimize and maintain the
Based on the Project Information Memorandum for NAIA, the government offers key incentives under the Corporate Recovery and Tax Incentives for Enterprises Law, which include income tax holiday for its four years of operation and thereafter five years of availment of enhanced deductions.
The project may also be entitled to non-tax incentives such as unrestricted use of consigned equipment, employment of foreign nationals in supervisory, technical or advisory positions for a period of not exceeding five years from its registration, extendible for limited periods and access to bonded manufacturing/trading system.
Officials of the Department of Transportation said that as of Sept. 13, the project received interest from at least five potential bidders including San Miguel Corp., India’s GMR Group, Manila International Airport Consortium, Spark 888 Management Inc. and Asian Airport Consortium.The DOTr and the Manila International Airport Authority serve as co-grantors for the project, which would have a 15-year concession and an option for a 10-year extension.
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