Investor Presentaiton
Comprehensive Auto Resurgence Strategy (CARS)
Implementing Rules and Regulations - 23 December 2015
Incentives, Rationale and Regulations
P9 billion
40%
Fixed Investment Support (FIS)
Body Shell
Assembly
Large Plastic
Assemblies
Common
Parts
Shared
Testing Facility
60%
Model Life
Budget
Maximum amount of
incentive given to each
participant
In the form of
tax incentive
certificates
12.5% to 30%
maximum 5%
Production Volume Incentive (PVI)
Dependent on three factors:
in excess of 200,000 production volume
Size of locally-made
high tech parts
Volume produced
Actual annual
•
TOYOTA
GT
GT CAPITAL
HOLDINGS INC9279R ATER
Manufacturing of model, body shell,
large plastic assemblies, common parts,
OEM parts, and shared testing facility
are covered
Php9.0 billion maximum incentive in
the form of tax certificates
.
•
•
Incentive per unit of 8% of price
per unit or Php45,000 per unit
40% given for tooling, equipment
and training costs for the initial
start-up operation (Fixed
Investment Support)
60% given for volume-based
incentive (Production Volume
Incentive)
Only entirely new models or full model.
change (FMC) units can qualify
Minimum production volume of 200,000
units over six years (33,333 units per
year or 2,750 units per month)
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