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RA 7916 (The Special Economic Zone Act of 1995) Section 28

After Tax Profits.

Section 28

SEC. 28. After Tax Profits. — Without prior Bangko Sentral approval, after tax profits and other earnings of foreign investments in enterprises in the ECOZONE may be remitted outward in the equivalent foreign exchange through any of the banks licensed by the Bangko Sentral ng Pilipinas in the ECOZONE: Provided, however, that such foreign investments in said enterprises have been previously registered with the Bangko Sentral.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III OPERATIONS WITHIN THE ECOZONE →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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