Ilocos Norte

Fiscal Incentives

A. Provincial Ordinance No. 016-2022 - an ordinance amending the Ilocos Norte Investment Code of 2019 wherein new and existing businesses with the following fresh investments will enjoy discounts on the provincial share of Basic Real Property Tax (RPT) for one of the calendar year. Businesses already enjoying real property discounts or exemptions under the existing laws are not eligible of this fiscal incentive.

For Wholly Ilocano-Owned Businesses Registered in Ilocos	For Wholly Filipino-Owned Business	For Business with Foreign Ownership	Discounts on the Provincial Share of Basic RPT
PHP 5M - 10M	PHP 10M - 20M	PHP 20M - 40M	15%
Above PHP 10M - 20M	Above PHP 20M - 40M	Above PHP 40M - 90M	30%
Above PHP 20M	Above PHP 40M	Above PHP 90M	50%

For Wholly Ilocano-Owned Businesses Registered in Ilocos	Discounts on the Provincial Share of Basic RPT
PHP 5M - 10M	15%
PHP 10M - 20M	30%
PHP 20M - 40M	50%

For Wholly Filipino-Owned Business	Discounts on the Provincial Share of Basic RPT
Above PHP 10M - 20M	15%
Above PHP 20M - 40M	30%
Above PHP 40M	50%

For Business with Foreign Ownership	Discounts on the Provincial Share of Basic RPT
Above PHP 20M	15%
Above PHP 40M - 90M	30%
Above PHP 90M	50%

B. Five (5) year Governor’s Permit Fee Exemption to Business Innovation and expansion, and to Enterprise that employs 80% of total workforce who are bonafide Ilocos Norte residents

C. One (1) Tear Governor’s Permit Fee Exemption and Governor’s Special Award for Environmental Excellence and to Business engaging in Solid Waste and Industrial Waste Project.

D. One (1) year Governor’s Permit Fee Exemption to Business incorporating Energy Efficiency and Conservation Project in their operations.

Non-Fiscal Incentives

Upon the issuance of the Certificate of Registration, qualified registered enterprises and investors shall be granted:

Provision of services from the one-stop documentation center;
Assistance in identifying business locations and factory sites, securing local permits, utilities, right of way, labor recruitment;
Access to financial and technical assistance programs of the government;
Joint Venture (JV) or Public-Private Partnership (PPP) matchmaking.

Commitment to Inclusive Growth and Economic Development

The province believes in inclusive growth and economic quality: some of our programs target Seniors, Out of School Youth, Students, and members of LGBTQI. To facilitate rapid economic growth and to attract investments, there are 3 Operating Special Economic Zones: