The Market Monitor Minding the Nation's Business
Two subsidiaries of D&L Industries, Inc. have secured a two-year extension of their Income Tax Holiday (ITH) for their manufacturing facilities in Tanauan, Batangas.
In a disclosure to the Philippine Stock Exchange on Friday, D&L said the Philippine Economic Zone Authority (PEZA) granted Pioneer Status to D&L Premium Foods Corp. (DLPF) and Natural Aeropack Corporation (NAC), moving their ITH expiry from June 30, 2027, to June 30, 2029.
The approval, dated Sept. 19, with the Certificate of Board Approval issued Sept. 25, 2025, also entitles both firms to a preferential 5% tax on gross income earned from July 1, 2029, to Dec. 31, 2034, in line with the CREATE MORE law for locators in economic zones.
D&L President and CEO Alvin Lao said the PEZA nod highlights the company’s investments in innovation, automation, and sustainable, high-value manufacturing.
“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,” Lao said.