Philippines: Mini-hydroelectric Power Incentives Act - Republic Act No. 7156

This law gives incentives to private sector entities with at least 60% Filipino ownership that invest in mini-hydro facilities and participate in the development of the mini-hydropower industry. These incentives include: special privilege tax rates, tax-and-duty free- importation of machinery, equipment and materials, tax credit on domestic capital equipment, special realty tax rates on equipment and machinery, value-added tax exemption, seven year income tax holiday, and access to technical and financial packages offered by financial institutions.

Status: In Force; Voluntary

References: Mini-Hydro Resource Development