Section 7
SEC. 7. Incentives to a Pioneer Agricultural Enterprise. In addition to the incentives provided in the preceding section, pioneer agricultural enterprises shall be granted the following incentives: (a) Tax Exemption. Exemption from all taxes under the National Internal Revenue Code, except income tax, from the date the area of investment is included in the Agricultural Investments Priorities Plan, to the following extent: (1) One hundred per cent (100%) for the first three years; (2) Seventy-five per cent (75%) for the fourth through the fifth years; (3) Fifty per cent (50%) for the sixth and seventh years; (4) Twenty-five per cent (25%) for the eight and ninth years; and (5) Ten per cent (10%) for the tenth year. (b) Employment of Foreign Nationals. Subject to the provisions of Section 29 of Commonwealth Act 613, as amended, a registered enterprise may, with five (5) years from the date it has began operating, employ and bring into the Philippines foreign nationals under the following conditions: (1) That such foreign nationals shall be registered with the Board; (2) That the employment of all foreign nationals shall cease and they shall be repatriated after the above-mentioned period; Provided, That when the majority of the capital stock of the pioneer enterprise is owned by foreign investors, the positions of president, treasurer and general manager, or their equivalents, may be retained by foreign nationals. In exceptional cases, the Board may allow employment of foreign nationals in other positions that cannot be filled by Philippine nationals, but in such cases the limitations of Section six paragraph (h) of this Decree shall apply. Foreign nationals under employment contract within the purview of this Decree, their spouse and unmarried children under 21 years of age, who are not excluded by Section 29 of Commonwealth Act 613, shall be permitted to enter and reside in the Philippines during the period of employment of such foreign nationals. (c) Post-Operative Tariff Protection. Upon recommendation of the Board, the President, with or without the recommendation of the Tariff Commission or the National Economic and Development Authority, shall issue a certification that a pioneer agricultural enterprise shall be entitled to post-operative tariff protection to an extent not exceeding fifty per cent of the dutiable value of imported items similar to those being manufactured or produced by a pioneer agricultural enterprise, unless a higher rate or amount is provided for in the Tariff Code or pertinent laws. Said tariff shall take effect automatically upon certification by the Board that the pioneer agricultural enterprise is operating on a commercial scale: Provided, That said Tariff, once operative, may be modified in accordance with Section 401 of the Tariff and Customs Code.