AN ACT AMENDING ARTICLE 39, TITLE III OF EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED, AND FOR OTHER PURPOSES.
Year:
1995
Category:
Other
Date Approved:
February 24, 1995
Summary
Plain-language AI-assisted summary — not the official text. As of July 2, 2026. Read the full text below or on the official source.
This Act amends Article 39 of the Omnibus Investments Code of 1987, providing various incentives to registered enterprises engaged in preferred areas of investment. It aims to enhance investment opportunities by offering tax holidays, additional deductions for labor expenses, and simplification of customs procedures.Full Text
Nineth Congress
Third Regular Session
[ REPUBLIC ACT No. 7918, February 24, 1995 ]
AN ACT AMENDING ARTICLE 39, TITLE III OF EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED, AND FOR OTHER PURPOSES.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Article 39, Title III of Executive Order No. 226, otherwise known as the Omnibus Investments Code of 1987, as amended, is hereby further amended to read as follows:
Section 2. All other provisions of Executive Order No. 226 and Republic Act No. 7369, also known as "An Act Granting Tax and Duty Exemption and Tax Credit on Capital Equipment," not otherwise affected by the provisions of this Act shall remain in full force and effect.
Section 3. All other laws, decrees, orders, issuances and rules and regulations or parts thereof inconsistent with this Act, are hereby repealed or modified accordingly.
Section 4. Effectivity Clause. - This Act shall have retroactive effect to May 5, 1994 fifteen (15) days following its publication in a newspaper of general circulation.
Approved,
This Act which is a consolidation of House Bill No. 14302 and Senate Bill No. 2012 was finally passed by the House of Representatives and the Senate on February 21, 1995 and February 15, 1995, respectively.
Approved: February 24, 1995
(Sgd.) FIDEL V. RAMOS
President of the Philippines
"ART. 39. Incentives to Registered Enterprises. - All registered enterprises shall be granted the following incentives to the extent engaged in a preferred area of investment:
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