,

DOZ

O. '15 - 07of2015

ORDI

II ' R rticle 11, ection 20 of the Philippine Con titution r cognize thindi pensabl role of the privat ector, enc urage private enterpri es and provide incentive toneeded inve tments;

teer thth Re iLand(mp),

4 8 (2) iii of Republic ct 7 J60 pro id that ubject toPanlun d rna ena t rdinance that rna grant t

lie frame ork, and tion plan toterm thr ughompreh i

uri m elopment Plan

II RE ity rd inan ce 07-0 14 duly approv d by the angguniang Panlu ng drequire all ne bu ine s t bli hment to hire at least fort perc nt of their employee fromamong t th bonafide resid nt of the it of Paranaque;

H Rwith th pri atecultivated b c

• in thtor in th pur it of it

ting conditi n condu i

nize th trat ic importannd reco ize that this partn hip can bro h nd com titi en f this to

1

i

and competiti e d anta over th r urban centewithin th R • th it of Paranaque pre ent greater opportunitiefor b th foreign and dom ti bu ine e to thriv within th cont t of a favorable inve trnentclimate, which in tum, will ge nerate more jobs and enhance the d livery of ba ic cial ervicefor its pe pie; _

o 201·ENTII 'FS TO . J.L xr.:Jr 1M IRGE •'C ILl:: ENTl:."RPRJ E

1 5 - 0 7o. Scri

7f)/N{/ T.-tX It:

Pa 2 of I di an. IX ORDiJ\ .1N{'r.:cnv OF P.IR.I.\~·I

r , data indicat that in e tors are mor likely to I cate th ir capital inde tination that offer an attra ive combination of both fi cal and n n-fiscal incenti 10

tandem with a trong bu ines -friendly clirnat , \: hich i be t enhanced b mean of roodinfra tructur , a fair judicial tern, tron overnance, attractive markets and an educatedcitizenry, arnonu other ;

H • to maximize the p tential for in lu i e ro th and de elopm nt emb di din th it ' ariou p licies and planning d cument the it ernm nt find it nece tocraft a measur to rationalize incenti e in order to ttract in e to int the it , particularlth e identified a pro iding greater value-added ben fit to the it and it people

1 0 TH

I 0Paranaque in r gular

n I I H OROembled that.

BOOK IGENERAL PR t"lSI

o b the it ouncil of

ecti n I . Title. ThiTA 1 CF TlVE ' TO AU.

E PR 1'7DI (j

THf~CI7YOF

oRTI I

L R TIO OF POll

1. It i the declared polic of the it to encoura e the ent • e pan ion, di er ification andmod rnization of u ine enterpri in variou area of the comm rcial, industrial andervice sector through th provi ion of appropriate incentives package .

The incentive package hall b geared to ards:

_. I. cceleratin the achie ement of the it' socio-econ mic de elopment goal acontained in it omprehen i 0 el pment Plan OP) ompr h nsi e nd

Plan C , th Re i ed Paraiiaque it ompreh n i e ZoningOrdinan e Touri m 0 eloprnent Plan TOP), and all other developmentplanning docum nts of the ity Government.

2

private ector, am ng them elves or withcio-economic de elopment objective buch a , but not limited to, Public-Private

n ibilit project ial nt rpri and

Promoting collaborative effort with thgovernment, in upport of the ity' .mean of ariou tool and m dalitiPartn r hip orporate ocial Re p

ooperativi m.

2.. .

2.2. .ncoura ing the intlo of dome tic and forei n in e ment into Parafiaqu it.in order to anain inclu ive economic rowth a characterized b th creation 0

more j and income generating op rtuniti , a ell a an e p n ion 0

it s re cnue b e.

1 5 - 07f 13 Ordinance o. ri of 20 1

.1vORDI. :-1 . ' E 1DI.\ ' j T.. vI. 'C£\ T II 1':S TO .IJ.L. 'EW 1~·fRGE . ALEem' OF PAR 1 :·1_ (

_A. Prioritizing enterpri e that contribute to nhancin th c re r n th of th ita ell tho identified a imperati to the realization of it de elopmentagenda

DEF

a) "P '-El /8" refers to the Paranaque ity Economic D v I pment Inve tmentBoard.

b) "F pansion" hall include modernization and rehabilitati n and hall mean anincrea e in th existin volume or value of production or th upgrading of thqualit of th regi tered product or the utilization f inefficient or idlequipment under uch idelin a the P - DIB rna ad pl.

c.) " Foreign /m istment" hall m n an equit in e tm nt made b a non-Philippin national in th form of foreign exchan an or ther a tactualI tran ferred to th Philippine and dul re i tered with th Ban ko

entral n Pilipina B P hich hall as e and apprai th alu of ucha et oth r than foreign e 'chan e.

d. "Foreign I. ns " hall mean n credit facilit of financial a i lance otherthan equit investment denominated and pa able in forei m currenc or \ h rthe cr ditor has the option to demand payment in foreign exchange andregi t red ith the Bangko ntral ng Pilipina B P) and the Board ofInve tment (B I)

e.) .. F.J 1 RGF. 'AU~.: E 77~RPRI F:'S" (NL 'E\~ defined a any nbu in acuvu or enterpri hether partner hip r corporation in the itof Paranaque, e. eluding th e hich ar accredited PEZ . TIEZ and theBoard of In e trnent (B I ; and hich has not en i ued a constructi nan r u ine permit from th time thi ordinanc ha b n appro ed whtotal a t inclu ive of th ari in fr m loan ut e rclu i e f the land on\ hich the particular bu ine ntit office plant and equipment are ituatedmu t ha e alue of at lea t fi e hundr d million p Php • 00, 00.

f .. todernization Project" refe to a project of ann-pion r enterpri thatin 01 improvement in tern , pr ces es, equipm nt, an or facilitiere ultin J in an of the following:

)

i . at lea. I a _ -% redu tion ill produ lion cost co."I ofthe service; orii. the upgrading ofprodu 'I sen/ice quality or re la. sification of the fa ility

10 a higher class in accordance with the a r tditation stan dsappli able 10 the industr I nil erned.

g.) " ' I 1'alue dded" refer to th alue of th final pr du t1 rvice Ie thealue of input , The project' net alue-added hould b at I t 2 % except

f r project d pendent on imported ra material upplie .

h. "Philippine 'ational " hall mean a citizen of the Philippin ; or a domes .

~~=:;tion, hO~citizen of th Philippin . or a 3 ~

15 - 0 7Pa 4 of 1 rdinan o. ri ono15AX ORDIX . • ROf7DI.\'G T.·IX INCE\TII' · . TOALL NEIf' I_IR IE .' ALE ENTERPRISE. (SLSEs)H 'TlIECln' OF P,IR.- " / F:

c rporation organized under th la of th Philippine of hich at lea t ixtyp rcent 60%) of the capital t k out tanding and ntitled to ote i ownedand held b citizen of the Philippine .

I. "Rank all File Employee "- refe an p r on In th emplo of anemplo er. uch emplo ee p rform t that ar routin or clerical innature, with no po er to make an ind p ndent jud ment in the intere of theemplo er The term rank and file emplo includ regular. casual ea onal,pr bationary, projec non-project. fi ed-term, or filed per nnel.

J "Regi I red Enterpri e" hall mean an indi idual, partn r hip, cooperati ecorporation or other entitj incorporated n or or nized dul regi t red \ iththe ecurities and E 'chan e ommi ion ( an or partrn nt of Tradeand Indu try a the case rna be, ith a legitimate licen to operate bu ine .The conduct of bu ine to appro d b th P - IS hall conform toe i tin' national la and local ordinance ,

P R

ection I. RE TIO NO OR IZ TIO The Paraiiaque ity EconomicDevelopment and Inve tment Board, herein referred to a the P -EDIB, hall be compo ed ofth followin :

hairp r on

ice- hairper on

ayor

Vice- a or

ean

and

dmini trat r

hairper on, it oun ilornmit tee on rade:ommerce and Indu t

hairp on, itCommittee on

mbers

. mplo ment e ice

i tant t the a or

egal fficer

ecuti e

it Tr ur r

it Plannin and D I pmeru fficer

1 5 - 0 7nancc o. ri of 20 I -

CE PROI7D1 'G T.IX J. 'C£\7W£ TO.IIJ. , '£Jr L lRGI::.' : 11..£ £.\TERPRJ, , .. (. 'LSEsJ/• . TUE.' IQ 'E

11 Member of the P - DlB hall rec i e per diem for every meeting actually attendedubject to e i ting budgeting, accounting and auditing law , rules and regulation on

compen ation. honoraria and allowance . Provided, that when an authorized repre entativeattend a meeting, the repre mati e hall be enti tled to receive p r diem .

ection 2. Power and Dutie of P - ~ DIB . The P - DlB hall be r pon ible for the

1. pprove the con mic De el pment and in e tm nt Plan DIP and cau itupdati ng eve three year, in accordance with th ompreh n i e and se Plannd the Comprehen iv Development Plan implem ntation, and with con ideration of

eco nomic developm ent and in c tment prio rities and trend s in the Philippines, in theian region and in the rest of th orld that have an impact on Paranaque ity.

It shall conduct at least on meeting every quarter of the ear. In addition to it regular meet in ,the hairper on of the P - OIB, or upon th request of the majorit of the P - DIB member,may convene a pecial meet ing, provided there i proper written notice, and provided further tha tthe matter tak n up in uch pecial meet ing hall cover no other matters than thos pr vided forin the otic of pecial eting and its corr nding a enda. majorit f th member ofthe P - OIB hall con titute a quorum. Th affinnati ote of the majorit of th P -EOIBmember pr nt at a m tin validl held hall be deemed nee ary to e erci e it powers andperform it duti , which h II a follov s:

implementation f thi Ordinance. To achie this end it i t red to prommonitor inv tment in Paran qu it , It hall d elop p licie to nhance thattract in e tor and upp n i tin bu ine

t regulate andu ine climate,

4, Recommend, for the action of the ayor, agreement andlor c ntract that canbe entered into b the Paranaque it ovemm nt with other go cmmcnt agencieandlor private org niza tion for the purpose of impro in the ea of doing bu inein the it of Paranaque through but not limited to te integration andimplification, t hnical c operation, data haring, and other \ a of e. peditin

an or implifyin tran tion and procedur

Re ie . e aluate and appro e r di pprove the application for inc nti es pac a zeof pro p ctive I callforeign bu ine men/entrepreneur who would wa nt to a ailthem elves of the incen tive provided b this Ordinance.

ppro an Inve tment Prio riti Plan IPP 'thin the ideline of thee elopment and In e tm nt Plan DIP and Paranaqu it s nnualPlan and peci th manner in hich it hall b updated, revi d or

raft andconormc

In e tmentamended.

2.

...

5

onduct hearin if nece sary, on i ues cone min p ible violation committeda ain t an provi ion of thi rdinance and like ise, in oke the proan tion penalt ie uch as but not limited to reprimand, cancellation of u me

licen e, withholding of benefit s or incentive to all iola tor of any of t andconditions stipulated here in.

TO.11.1•. 'EJrL-IR 'E .' 1/.£ E.\TERPRJ ' •

6. Periodically review, e aluate and update the operation of Busine - ne- top- hopB ), in order to en ure optimum efficienc a well a the integration of inter an

intra office proce e to ensure c mpliance with the principles an t net of a bu ine ­friendly cit I

7. th process for th as ment and par commend a to improve them in the inter t 0

tran parenc , without sacrificin th elfare of the itc n ideration feedback generated from the pri ate ctor.

ment of u ines taxe andeed, comf n, fairn andand it p pie, takin into

Recommend to th it Council an amendment, re i ion andJ r m dification to thei ting Ordinanc Providing Ta Incenti e to Larg cale nterpri eL ) In the it of Paranaque.

OlD LOP ............. ,., P IP)

ti n I. conomic Development and In e tment Plan EDIP . The P - DIB, aft rconsultation ith the pri at tor the national government through th appropriate offic ,uch a but n t limited to th ational conomic and Development uthoritv, the partment of

Trade and Indu try (and th affiliate Board of In e tment , and the Departrn nt f th Interi rand Local Go ernment OIL ), hall ubmit to the PC- .DIB an Economic D elopment andIn e trnent Plan ( DIP, which hall delineate th conomic direction and inve tment prioritiof the ity.

The E IP hall provide for the Role ofth ity Government a di cu ed in rticle I ofthi rdinance, in relation to the need and cone rn ofth qualified pioneer in order toachieve mutuall beneficial arran em nt bet n both parti in con nance \ ith the objectipro ided her in.

p n valuation and appro alofthe conomic 0 elopment In estment Plan b th P -OIB, the me hall b forv arded b the Bard to the Paranaque it ouncil for confirmation

through a R olution.

Th DIP shall be in effect for thre 3 years, unless otherwise am nded or re i edearlier by th P -EDIB by a thre -fourths ( /4 vote of all its member in a meting duly calledfor the purpo e. Any amendment or revision of the EDIP hall made only after a c mpreh n ivereview and analy i demon trate that th propo ed amendment or re i ion i rea onable andn cessary in terms ofcurr nt in e tment trend both local and international.

P (IP

ection 1. ormulation of the IPP. The P - DIP hall annuall forrnulat an Inve trnertPrioritie Plan (IPP) that will reflect the relative imp nance of inve trnents within the guidelineof the Jconomic D velopment and In e trnent Plan and Paranaque City' nnual Inve trnentPlan.

15 - 07inancc o. of 201-

T EPROJ 7f)JWiT. IX IS E.\TlfE TO. II./. \ 'EJrLIRGE: IQl "F.

ALEE. TERPRJ, oF... ° ca

ecti n 2. ontent of the IPP. The IPP hall contain the folio 1Og:

a. Li t of preferred and/or mandatory activities in the identified preferred areasof inve tment Ii ted in th conomic 0 elopment lnve tment Plan;

b. Guideli ne for the appro al of the application of the Lan or mandat activities. and

In preferred

c. E tent of enti tlem ent to in enti e of qualifi d pioneer or n n-pioneernga ed in th preferred an or mandat acti iti in th iden tified preferred

areas of in e trnent.

ection 3. doption and Review of the (PP . The IPP hall be subj ct to the approval ofthe P -' DIB throu rh a majo rit ote, in a meeti ng duly called for the purp e.

The IPP shall be in ffect for one I ) year, unle oth rwi e amended or re i ed by thP - DIB, through a majo rit vote, in a meting du ly called for th purpo .

ection I The it ernment is committed to enhancing it bu ine climate b waof the folio ing upp rt program , among others:

ROL THE Pru ......"'~ { F.F~Nl\AFNT

a. dequate Infra tructure and 'a e of cc . Theenact policie and program that will facili tate acce towheth r b a of road and idev alk infra tructure or btran p nation p licie and pr ram .

ernm ent hal le tment ites,of traffic and

b. De elopment of Informati nand ommunication Technology I TInfra tructure. he it ernrnent hall pr mote in trnent in I Tinfra tructure and facilitie It hall aloma imize the u of -govern neey tern and mechani m for pro moting and facilitating int raction, acce to

informa tion, and ea e of private enterp ri 10 al government tran action In

the it, with both local and international publi c .

- ° ~----,,--~

c. Public Private Partner 'hip (PPP). Thi Ordinance recognizep tentiall i nificant inv tment trateg f r the Cit . Th ity rna ,it elf or in c pcration ith the ational 0 ernment, pro ide incenti e tpri te ector proponent f PPP project . Further, the it , rna explore otherform of PPP in uch a \: a that qualified rna b gi en a e to andallo inve trn nt in go ernment owned prop rti by m n of joint venturea reement for the establi hment of factori an or manu a turing indu triein preferred area of in e tm nt to b d termined in the conomicDevelop ment In e tment Plan. To achieve thi end idle and f rfeited Ian fthe ity rna be made avai lable for inve tment . Final , priva te propertieavai lable for investment rna al 0 be acquired and rna ava ilabl e for publ icconsumption only upon pay ment ofju t comp n ati

1 5 - 0 7Pa ' C 8 of 13 0 dinancc o. Series of 20 15A V ()RDI.\~ v 1~ PR0I7D1XG T.4.\" tscean F.S TO..11./. ,VEIf' !.·IRGEC/H OF PA L ' IQ '£

',l IE E.VTERPRISE

d. a e of Doing Business. It i the dut of the Cit Government to promote anen ironm ent conducive to the entry and growth of enterpri e in the City, b

a of clarity and transparenc in tax a ment procedure provision ofe. press lanes in nev bu ines registration and renev al , and express lanes forthe is uance of construction permit ; pro ision of erie that can act peedilyon reque t for redre s; provi ion of hotline to addre immediate concern of

; and other mea ures to full effect the thru t of creating a Bu ine s-riendl ity.

e. ink to Human Resource eed . The it Go ernment hall provide links toqualified manpower ource uch a colle es, univer ities and trainingcenter as well as to the manpower recruitment and other services of the citGovernment' s Pub lic Employment ervice Office P 0 and Paranaque

it ollege PCC . To thi effect, the P - DIB through the PE 0 and Phall e tabli h y terns to as i t and endor qualified emplo ees from among

the bona fide resident of Paranaque ity for employment to the qualifiedL E .

f. rban Renewal. It is the duty of the it Government to en ure a clean, greenand pleasant environ ment to enhance its livabilit . To this end, it is the City'policy to redevelop blighted area in coo peration with private capital andas ist informal settlers with their helter need through a sustainable socializedhou ing program,

g. afety and Security. Taking into consideration the peculiar security needsglobal enterprises that undertake their operation during irregular work hours,it is the duty of the City Government to work more clo ely with the Philippine

ational Police to strengthen ecurity and afety officer and staff as a forcemultipl ier.

h. Indu trial and Labor Relations. The ity overnment hould create ways topromote industrial peace and mutual growt h and benefit among the qual ified

L s. They should encourage and upport all form s of employeeparticipation in production. The right of the employees to participate inpolic -or deci ion-making on matter affecti ng their right , duties, benefit orwelfare shall also be recognized.

J. conomic upport and ecurity. The it rna find means to Ie sen the co tinput including po er and other utilities to attract more and qualitin e tment . The PC-EDffi rna be empowered to negotiate and enter intocontracts \ ith all utility provider to uch effect. reative altemati e toreduce the costs of input and utilitie mu t al 0 be facilitated .

BOOK IIIEW LARGE CALE E TERPRI. 'E.

ection 1. .. LARGE C E T RPRI - defined as anbu ine s activity or enterprise whether partner hip or corporation in the CitParafraque, e eluding those which are accredited by P Z T1 EZ and the Board f

8

1 5 - 07Page 9 of 13 Ordinance o. _ ries of2015. IS 0 IS 'CE PROJ 7D1. 'G T.-l\' ISCE\TIJ ES TOAIJ. .\'Elf" L-lRGE SCALE£\TERPRISE • 'LSEs) IS THE.rtr 0 . R.o' :·1QL'E

_ _ -----""..L-- _

Inve tments (BOI); and which has not been i sued a construction and/or bu ine permit from thetime thi ordinance ha been approved who e tota l a ets, inclusi e of tho e arising from loanbut exclusive of the land on which the particular bu ine s entity's office, plant and equipment areituated, must have value of at least five hundred million pesos (Php 500,000,000 .00);

Section 2. oordinatio n. The PC-EDlB through its Chairman shall coordinate wit h theMicro, mall and Medium nterprise Development (MSMED) Council, Board of Investments(BOI), Philippine Economic Zo ne Authority (PEZA) and other National Government Agenciesby entering into a Memorandum of Agreement or nderstanding (MOA or MO U), as may benecessary to ensure that the rights and benefits of NL Es in the ity are duly protected andavailable.

Q LlFI T IO OF LE RPRI E L E )

a. The enterpri e must have co mplied with all the requirements mandated under existinglocal and national laws and the on titution;

b. The ente rprise must not have bee n fou nd gui lty with finality of any violation of theprovisions of Philippine and the ity overnment's Labor Laws;

e investors hoode must meet the

eetion l. ualification of e Lar e cale Enterpri es Lintend to avail them elves of any of the incenti e provided for in thifolIo ing qualification :

c. The prospective investment must be engaged in activi ties consiste nt with theEconomic evelopment Investment Plan and atisfy the criteria conta ined in theInve tment Priorit ie Plan '

d. The ne enterpri e will provide for a labor and employment force here at least fortpercent 40% of total rank and file employees are bona fide r ident of the City ofParanaque;

e. The ne enterpri e, upon receipt of the incentive provided herein hall execute anundertaking to operate in Parafiaque it here the busines i I cated for a period oftime agreed upon by the in e tor and the P -EDlB, barrin incidents of Force

ajeure and/or ct of God.

ection I. on-Fi cal Incentive . In addition to ervices to be pro ided by the P -ED LBunder Book l... rticle I , eetion 4 of thi ode, qualified L E hall be entitled tofollowing non fi cal incentive :

BOOK IVINVES7MENT IN 'ENTIVES

ARTI L IE lYE FOR Q LlFIED L E

, 5 - 07Page 10 or 1 Ordinance o. _ Series or 20 15.·IX ORm."!IS 'E ROI'1D/;\'G T.4.\' IXCENTII 'ES TOAU .VEWL ·1RGE .crtv OF P,-IRA. ',·10 "

:·IU:: E:\TER PRJ. 1:S (?\'LSEs) IN TIlE

a. n account officer shall be assigned by the P - DlB to a i t pioneer or neenterpri e in Book I , rticle , ection 4.c.i, pro ided that aid enterprise has nopre iou operation in the City and that the qualification et forth in Book ill, rticleI, eciion 1 have been dul complied with ;

b. Tran parenc in the process of registerin and qual ifying for the grant of ityo ernment incenti es ;

c. 0 modification by the Cit Government of regulatory or contractual requ irementand arrangements or interference in the internal operation of the enterpri es, after thegranting of local go ernment incentives to the enterpri e unle uch modificationare the result of mutual agreement between the regi tered enterpri e and the Cit

o ernment ;

d. cce to comprehensi e information on investing and doing bu ines in Paranaqueity, including all plans and policie of the it Government as they relate to

economic growth and development;

e. ' acilitate employment of qualified foreign per onnel, a may be required for theefficient operation of the enterprise or for technology tran fer, provided that noPhilippine national is qualified or available for the ta k or job they are to undertake;

f. Expeditious certificatio n, reg istration , lice n ing and permitti ng operations through theinstallation of syst ems and procedures that and di a ter-related public assistanceservice ;

h. Re olu tion of all gray areas in the interpretation of benefit and incentives grantedunder this ode, in favor of the inve tor.

hall b entitled to the following fi calection 2. Fi cal Incentives. Qualifiedincentive :

g. Promotion of public safety for the enterprise and its per onnel through police, fire anddisaster-related publ ic assistance services;

a. For purpo e of computing the base of the busine tax b the ity Government . apecial deduction on the Gross Income for Bu ine taxes for three 3 years of

operation hall be made in the follov ing amount :

I. fi ed deduction from taxable gro mcom of One hundred millionpe 0 (Php l00,OOO,OOO.OO

10

c. ax Incenti e on Real Propert provided that th qualified L Es shall make anadvanced payment made in the following chedule folio ing the correspond'p rcenta e di count:

b. emption from payment of tax on transfer of real propert owner hip within three3) ear of operation provided that the real propertie acqu ired shall be

automaticall and acruall directly and e c1u ivel u ed in the furtherance of thebu ine o f the qualified Es.

. IN ORDINA, ' _ ROl'7DING T.H'INCENTIVE.(,,' TO ALL NEW LARGE SC4I.E EArTERPRISE.S' (NLSEs) IN TIlEcttv OF PAR . UE

I. Payment before December 15lh of the year - 20% Discount on RPTu. Payment before December 3151 of the year - 15% Discount on RPT

ARTICLE nREGISTRATION OF NLSEs

Section 1. A Registration Certificate shall be granted to all qualified NLSEs, whoseapplications for incentives packages have been approved by the PC-EDIB .

ARTICLE IIIIMPLEMENTING RULES AND REG ULATIONS

Section 1. Within ninety (90) days after the passage of this ordinance, the PC-EDIB shalladopt its Implementing Rules and Regulations (TRR).

ARTICLE IVRESPO SIBll..ITITES OF REGISTERED ENTERPRISES

Section 1. Reportorial Obligations. Registered enterprises shall submit reports to the PC­EDLB on the operations of the enterprise twice yearly, before the end of the second and fourthquarter of the calendar year respectively, and the annual audited financial report on operations,

Section 2. Visito rial Requirements. The PC-EDIB, shall, in consultation and incoordination with the registered NLSEs, undertake visits to the enterprise and request to bebriefed on the status of operations, to be assured of the NLSE 's compliance with the grant ofpreferences and investment incentives, and to be alerted to any assistance or support that can beprovided by the City Government.

ARTICLE VAPPROPRIATIONS

Section 1. Paranaque City Investments Incentives Fund or PC-EDIB Fund. TheMaintenance and other Operation Expenses of the newly created Board for Calendar Year (CY)

11

The annual fund necessary for the maintenance and operation of the PC-EDlB shall bincluded in the yearly appropriations from the General Fund of the Parafiaque City Governm

20 14 shall be taken from the balance of the budgetary allocation through the SupplementalBudget from the General Fund , or from any available funds of the City Treasury.

15 - 07Page 12 of 13 Ordinance No. _ Series of 20 15..INORDJA~'I.VCE PROI-7DJ ~ 7:·1XINCE,\711 "ES TOALL NEWLARGE SCALEENTERPRISt:S(NLSEs) IN THEcnv OF PA.R4 1\~'I QUE

ARTICLE VIISCELLANEOUS PROVTSIO S

ection I. Reimbursement/Return of the Fiscal Incentives- The L Es shall be requiredto reimburse or return the equivalent amount of the fiscal incentives duly received in any of thefollowing instances:

a. The NLSEs failure to comply or maintain the qualifications set forth underBook Ill , Article I, Sections I or 2, except otherwise provided therein; or

b. The LSE is found guilty of misrepresentation or fraud for the purpose ofavailment of the incentives contained in this Ordinance.

Provided further , the Board shall determine after due notice and hearing, whether or not areimbursement of the fiscal incentives is in order and shall make a determination of the amountto be reimbursed or returned. This section is without prejudice to the powers and functions of theBoard.

Section 2. Transitory Provisions - Within thirty (30) days after the enactment of thisOrdinance, the City Mayor shall convene the P -EDlB.

Section 3. Separability Clause. The provisions of this Ordiannce are separable. If for anyreason , any section of the Ord inance shall be declared to be unconstitutional or invalid , thevalidity of the other provisions shall not be affected and shall continue to be in full force andeffec t.

Section 4. Repealing Clause. All local legislation and executive directives inconsistent orin conflict with this Ordinancee are hereby repealed or modified accordingly.

sick. leave)JASO P. WEBBCity Councilor

CO-SPO SORED BY:

Section 5. Effectivity. This code shall take effect upon its approval.

Enacted this 16th day of i'Lpril 20 15 at the City of Paranaque .

, ,

1 5 - 0 7Page 13 of 13 Ordinance No. _ Series of 20 15AN ORDINA NCE PROJ''lDlNG TAX INCENTIVES TOALL NEW LARGE SCALEENTERPRiSES (NLSEs) IN THECI1T OF PARANAQU .

MERLIE S. ANTIP~STOCity Councilor . .

"BRIL~.u.

City C r

ROSW~ANCity Councilor

JOHN G.YLLANACity Counci or

NA

LLANIGUE

,'iit!:~liO 0 M. SOTIO

City C";CiIOr , Li~T;tsiWk.sCity Councilor

:t "-'- ..~~RICA 0 L. BAES, JR

J CQU I E BUSTAMANTE-M~ty Council r

(o f fi ciul busi~ess)

JEREMY S. MARQUEZLiga President

CO C RRED BY:

) (of f icial ousi ne s6)

VE ESA "ALMA MORE 0" LACSAMANACity Councilor

ATTESTED BY:

OLEZng Officer

C::0EDWIN L. OLIVARE

City Mayor

13