MARA PHILIPPINE CORP

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                    [ArticleID] => 311826
                    [Title] => UEM Mara seeks extension of its tax incentives
                    [Summary] => UEM Mara Philippine Corp. (UMPC) is seeking an extension from the Board of Investments (BOI) of its income tax holiday (ITH) incentive.


UEM, in its request to the BOI for extension of its ITH, explained that although it started operation of the Manila-Cavite Toll Expressway in 2000, the Toll Regulatory Board (TRB) did not grant its request for a toll hike until 2002.


Thus, UMPC was not able to maximize its ITH incentive. But according to BOI managing head Elmer C. Hernandez, the BOI’s regulations does not allow the grant of any extension.


                    [DatePublished] => 2005-12-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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UEM Mara seeks extension of its tax incentives

By Marianne V. Go | December 12, 2005 - 12:00am

UEM Mara Philippine Corp. (UMPC) is seeking an extension from the Board of Investments (BOI) of its income tax holiday (ITH) incentive. UEM, in its request to the BOI for extension of its ITH, explained that although...

Business