The Board of Investments recently announced tax incentives provided to various companies and their projects recognized to provide much needed
boost to the Philippine economy as the country pushes toward economic recovery.
In line with this, MV Trans-Asia 21 of Trans-Asia Shipping Lines, one of the subsidiaries of Chelsea Logistics and Infrastructure Holdings Corp., was
given by the Cabinet-level Fiscal Incentives Review Board (FIRB) a 4-year Income Tax Holiday, followed by 5-year Enhanced Deductions, and 11-year
Duty Exemption on importation of capital equipment, raw materials, spare parts or accessories, from the date of registration.
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