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Manila Bulletin devider Business devider Trade & Industry devider DTI: New 27-year tax breaks to attract global tech giants

DTI: New 27-year tax breaks to attract global tech giants

Published Jun 2, 2026 07:34 pm
The government’s new list of economic activities eligible for incentives is expected to encourage the entry of investments aimed at propelling the country’s economic growth, according to the Department of Trade and Industry (DTI).
Trade Secretary Cristina Roque said the government is looking forward to working closely with the private sector to fully maximize the value of the newly signed 2026 Strategic Investment Promotion Plan (SIPP).
"The new SIPP is not just a tool for attracting investments, but more importantly it is a means towards pursuing economic transformation,” said Roque in a statement.
“By listing activities eligible for incentives, [the] government is signaling where we want to attract high-value capital, and translate these into new jobs, upskilling of workforce, and improved lives for Filipinos,” she added.
President Ferdinand “Bongbong” Marcos Jr. approved the 2026 SIPP under Memorandum Order (MO) No. 47, which was signed on May 21 and made public on Tuesday, June 2. This is the first SIPP to be enacted by the Marcos administration.
Formulated by the Board of Investments (BOI), the SIPP identifies economic activities that may qualify for incentives under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act, or CREATE MORE.
Under CREATE MORE, such activities may enjoy tax perks for a period of 14 to 27 years, depending on their location and industry priority tier.
The BOI said the 2026 SIPP “reflects key structural enhancements in investment prioritization, expanded coverage of emerging and frontier industries, and a more targeted deployment of fiscal incentives to support high-impact and future-oriented economic activities.”
The economic activities under the new SIPP are classified into three specific tiers, which are prioritized according to the national industrial strategy, which includes the Philippine Development Plan 2023-2028.
Activities under tier one are those in industries that address modern basic needs, as well as sustainability-driven industries.
These include agriculture, fishery and forestry; manufacturing; halal-, kosher-, and organic-related activities; services; health care and disaster risk reduction management services; infrastructure and logistics; and energy.
Tier two covers activities that produce supplies, parts and components, and intermediate services that are not locally produced but are critical to industrial development and import substitution.
Such activities were reorganized from five main priorities under the 2022 SIPP into three, namely defense-related activities, food security-related activities, and activities addressing industrial value chain gaps.
Meanwhile, tier three contains activities that involve science, technology, and innovation, including their support facilities.
This tier features research and development; wafer fabrication; aerospace; nuclear energy; cybersecurity; artificial intelligence and data science; the commercialization of patents, industrial designs, copyrights, and utility models; innovative products and services; and quantum technologies, among others.
The BOI said these initiatives are complemented by export-support activities and projects mandated by special laws such as the PPP Code of the Philippines, the Expanded Producer Responsibility Act, and the Salt Industry Development Act.
The 2026 SIPP also ensures that export-oriented activities and region-specific priorities, such as those in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), are supported to further expand economic opportunities nationwide.
Under MO No. 47, Marcos said that upon the effectivity of the 2026 SIPP, all government agencies are tasked with issuing the necessary regulations to ensure its implementation in a synchronized and integrated manner.
“No government body shall adopt any policy or take any course of action contrary to, or inconsistent with, the 2026 SIPP and relevant laws,” he said in the order.
Meanwhile, investment promotion agencies are tasked with facilitating and expediting the establishment of registered investments, including coordination with local government units and other regulatory bodies, through the one-stop action center.
BOI director Sandy Recolizado said the general policies (GP) and specific guidelines (SG) of the SIPP, which serves as the plan’s implementing framework, are still under public consultations.
“With the official issuance of the 2026 SIPP, we are fast-tracking the finalization of the GP and SG and will publish within the third quarter. In the meantime, the applicable 2022 SIPP GP and SG remain in effect,” she said.

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Department of Trade and Industry (DTI) Board of Investments (BOI) Strategic Investment Promotion Plan (SIPP)
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