December 17, 2020 | 7:50 pm Font Size
INTERNATIONAL ATOMIC ENERGY AGENCY
FOOD IRRADIATION has been included in the government’s list of preferred investment activities eligible for tax breaks, the Board of Investments (BoI) said.
In memorandum circular 2020-018 signed Dec. 4, the BoI said it is amending guidelines under the 2017 Investment Priorities Plan as part of an overall effort to retain and create jobs during the public health crisis.
“The board recognizes the significance of private sector investments in commercial food irradiation facilities as a support service for the country’s agriculture sector in mitigating post-harvest losses and increasing the sector’s supply value chain,” the BoI said.