Aquino Extends Zero Percent Duty
The tariff on capital equipment, spare parts and accessories for domestic manufacturers will remain at zero percent for the next five years in line with the government's bid to ease the cost of doing business in the country.
President Benigno S. Aquino III signed Executive Order No. 70 extending the zero percent duty on the equipment imported by Board of Investments (BoI)-registered enterprises located within the economic zones and freeports.
