THE Iloilo City Council is proposing amendments to Regulation Ordinance No. 2006-114 (Iloilo City Investment Incentives Code of 2006) to attract more businesses in the metropolis.
Vice Mayor Jed Patrick Mabilog proposed amendments to Section 17 of the incentive code during the council’s regular session Wednesday.
The council referred the measure to the committee on economic promotions chaired by Councilor Jose Espinosa III.
The proposed amendments include exemption from the payment of taxes during the construction phase of any business in the city with P100 million or more capitalization.
Another amendment is the exemption of big construction businesses from the truck ban imposed by Traffic Engineering and Management Unit. READ MORE...
Another amendment is the exemption of big construction businesses from the truck ban imposed by Traffic Engineering and Management Unit. READ MORE...
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