Tax Incentives. Assistance was extended by DENR to industries
with the issuance of DAO 2004-53 (Guidelines to Implement
the Tax Incentive Provision of the Philippine CAA of 1999).
Th e guidelines apply to the installation of pollution control
devices or of existing facilities with mechanisms
that reduce emissions. Under DAO, industrial firms can avail of
the following tax incentives provided by the National Internal
Revenue Code of 1997:
Accelerated depreciation;
Deductibility of research and development expenditures;
Tax credits;
Exemption from real property tax; and
Tax incentives for qualifi ed enterprises operating within a
special economic zone and freeport zones