2022 SIPP officially takes effect

By Ed Paolo Salting

Jul 03, 2022 12:15 am

THE 2022 Strategic Investment Priority Plan (SIPP), which seeks to strengthen Philippine competitiveness through incentivizing smart manufacturing, has now taken effect, according to a trade official.

Board of Investments Director Sandra Marie Recolizado said the SIPP — the country's investment plan listing priority industries and activities eligible for fiscal and non-fiscal incentives as provided under the Create (Corporate Recovery and Tax Incentives for Enterprises) Act — took effect on June 11, 2022.

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