The Philippine Economic Zone Authority (PEZA) on Tuesday clarified that conditions are imposed for firms to enjoy the incentives such as Gross Income Earned (GIE), zero value-added tax (VAT) rating for local purchases, and tax and duty free importation.

“PEZA incentives are not given to companies, enterprises, locators or ecozone developers per se, but incentives for export-based industries are for those who are able to upgrade their products, activities, expand their projects and markets, and those who can bring technology-transfer in the Philippines,” PEZA Director General Charito B. Plaza said in a statement.