The Philippines has published Memorandum Order No. 50 of 18 November 2020 in the Official Gazette, which approves the 2020 investment priorities plan. This includes that the following preferred activities for investment may be granted an income tax holiday of up to six years:
- The production of essential goods relating to the fight against the COVID-19 pandemic, which covers the production or manufacture of medicines, medical equipment and devices, personal protective equipment (PPE), surgic…