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RA 7916 (The Special Economic Zone Act of 1995) Section 42

Incentive Scheme.

Section 42

SEC. 42. Incentive Scheme. — An additional deduction equivalent to one-half (1/2) of the value of training expenses incurred in developing skilled or unskilled labor or for managerial or other management development programs incurred by enterprises in the ECOZONE can be deducted from the national government's share of three percent (3%) as provided in Section 24. The PEZA, the Department of Labor and Employment, and the Department of Finance shall jointly make a review of the incentive scheme provided in this section every two (2) years or when circumstances so warrant. CHAPTER VNATIONAL GOVERNMENT AND OTHER ENTITIES

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV INDUSTRIAL HARMONY IN THE ECOZONES →

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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