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August 27th, 2009 at 8:03 pm

Zuellig Building Declared as New IT Center

Philippine government has declared the new Zuellig Building in Paseo de Roxas corner Makati Avenue as an IT center authorized by the Philippine Economic Zone Authority. Having an office in a PEZA accredited building entitles companies a host of fiscal and non-fiscal perks administered by Peza, including a five percent gross income tax, in lieu of all local taxes, and duty-free importation of capital equipment.

To date, it is the largest investment in a high-rise buildling in Makati according to PEZA director-general Lilia de Lima. The property is being developed by the property arm of Zuellig Pharmaceuticals, Bridgebury Realty Corp.


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