Manila: Two subsidiaries of publicly-listed firm D and L Industries have secured a two-year Income Tax Holiday (ITH) extension for their plants in Tanauan, Batangas, on account of their state-of-the-art facilities that boost job creation and economic growth. In a disclosure with the Philippine Stock Exchange (PSE) on Friday, D and L said D and L Premium Foods Corp. (DLPF) and Natural Aeropack Corporation (NAC) have received Pioneer Status from the Philippine Economic Zone Authority (PEZA), which extended their ITH from the original deadline of June 30, 2027, to June 30, 2029.
According to Philippines News Agency, the PEZA approval was issued on Sept. 19, and the Certificate of Board Approval on Sept. 25, 2025. It explained that after the ITH period, DLPF and NAC will enjoy a preferential tax rate of 5 percent on gross income earned until Dec. 31, 2034, under the provisions of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act (CREATE MORE Act) instituted for businesses inside special economic zones.
D and L President and CEO Alvin Lao stated, 'This approval underscores our commitment to innovation, advanced manufacturing technology, and world-class automation systems. It reflects our long-term vision of positioning the Philippines as a hub for sustainable, high-value manufacturing that is globally competitive.'
