EO dangles incentives for

RE investments in Bohol

TAGBILARAN CITY, Bohol (PIA)—Building on the milestone as awardee from the Department of Energy (DOE) in pioneering the establishment of a dedicated renewable energy (RE) board, Bohol steps further to attract investors through legislated incentives.

Made integral in the implementing rules and regulations (IRR) of the Clean and Renewable Energy Code of Bohol are incentives for RE projects which include tax holidays, exemptions and non-fiscal incentives including those for micro financing institutions (MFI) that provide affordable financing packages for installing renewable energy systems for enterprises and households.

In section 3.2.A of the IRR, it ruled that all new RE projects in Bohol that are commissioned upon the effectivity of the Code would enjoy exemptions from the payment of the 35 percent real property taxes which is set for the provincial government share, as long as they are registered for incentives under the Provincial ordinance 2021-019 or the Bohol Economic Development and Investment Code in the new normal.

The tax exemption starts immediately on the next calendar year after the company is issued its certificate of registration from the Bohol Investment Board upon its incentive registration.

This however also depends on the declared fixed assets or capitalization of the applied project.

Micro enterprises with a capitalization of P3 M or less get a year off in their real property taxes to the provincial government; small and medium enterprises with a capitalization of P3M to P100 M get a 3-year real property tax reprieve while large scale enterprises with a capitalization of over P100M gets 5 year real property tax holiday.

Beyond that, Bohol packages facilitated release of endorsements from the Bohol Renewable Energy Board (BREB) on the project’s alignment with the provincial strategic RE roadmap and development priorities.

This endorsement certifies that the project has been thoroughly reviewed and should earn it a streamlined implementation and that the application would be acted by regulatory agencies without delay.

This endorsement tells the Department of Energy, Department of Environment and Natural Resources, Department of Agrarian Reform and other national agencies to expeditiously inform the BREB of the mandatory requirements for the exploration and development of such projects, for faster processes.

In fact, the IRR also hinted that even Bohol-based MFIs that offer cheap financing packages for renewable energy systems installation in households and enterprises can also get tax exemptions over finances used for RE development and utilization.

The IRR also provides for the provincial government to adopt other fiscal incentives for the promotion of indigenous RE development and utilization, beyond those packed in the investment code.

The IRR, now made official under Executive Order No 16, series of 2026, also provides for non-fiscal incentives for RE investments which have complied with the necessary regulatory requirements.

These include timely facilitation of RE project applications including endorsements, data provision, assistance in the designation of focal persons to handhold investors during application and establishment of a one-stop-shop for RE project applications. (PIABohol)