This covers projects that will prevent or mitigate adverse impacts of calamities and disaster, which may include the installation of flood control systems; installation of early warning systems for typhoons, earthquake occurrences, tsunami and volcanic eruptions; manufacture of goods critical to disaster management; construction of dikes; salvaging operations; and installation of power generating auxiliary equipment.

For projects involving the installation of power generating and auxiliary equipment, this shall be limited to those that are in areas declared by the President under State of Calamity in view of the extensive effects of power crisis.

Salvaging pertains to the rescue of seriously damaged/incapacitated ship that may include re-floating and towing of the ship to a safe place. It also pertains to the removal of a sunken or wrecked ship, derelict or hazards including cargoes thereof.

Only income from salvaging operations may be entitled to Income Tax Holiday.

This also covers projects to rehabilitate areas affected by calamities and disasters, which may include rebuilding of roads and bridges after earthquakes/flooding, volcanic eruptions, and oil spill clean-up.

For projects that will involve the development and operation of physical infrastructure to be undertaken by separate entities, both the developer and operator may qualify for registration. However, the developer may be entitled only to incentive on capital equipment directly needed for the operation of the physical infrastructure.

This further covers training for disaster preparedness, mitigation or recovery/rehabilitation/reconstruction.

**All applicants for registration must be endorsed by concerned Competent National Authority.

Disaster Prevention, Mitigation and Recovery Projects covers only projects other than those already listed in this IPP.

Triple I can set-up your Project in the Philippines, and register with the BoI for tax incentives:

• Business Registration in the Philippines

• Preparation of your BoI application documents

• Philippines Office Set-up

• Completion and Awarding of BoI certificate

• Ongoing accounting works quarterly with BoI

• Filing with BIR to receive tax incentives

Back to the Board Of Investments BoI, Check out 2010 Investment Priorities Plan to see which businesses can avail of tax incentives