Tag: Subic Bay Special Economic and Freeport Zone

• LGUs get P143-M from SBMA, but drop in revenue shares noted

  

  SUBIC BAY FREEPORT — This appears to be an unintended effect of the CREATE MORE Law. Contiguous communities affected by the operations of the Subic Bay Special Economic and Freeport Zone recently received from the Subic Bay Metropolitan Authority (SBMA) a total of P143 million as revenue shares from the 5% tax on gross income…

  pahayaganzambales

  March 12, 2025

  News

  CREATE MORE Law, Economic Development Regime (EDR), local government units (LGUs), Subic Bay Metropolitan Authority (SBMA), Subic Bay Special Economic and Freeport Zone