HB 2597
House·20th Congress·Filed Jul 30, 2025
An Act Establishing Tax Incentives for the Rehabilitation, Modernization, and Expansion of Philippine Shipyards and the Creation of Jobs Therein, and for Other Purposes
In plain language
The Shipyard Fiscal Incentives Act of 2025 would give tax breaks—such as VAT exemptions, income‑tax holidays, and tax credits—to shipyard companies that register with MARINA, with the goal of modernizing the industry, creating jobs, and encouraging environmentally‑friendly projects.
TaxationEnvironment and Natural ResourcesLabor and Employment
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB02597 · Sources: BetterGov Open Congress, BatasWatch