Which act provides incentives and exemptions to registered export producers, export traders and service exporters?

Which act provides incentives and exemptions to registered export producers, export traders and service exporters?

• A. RA 1655
• B. RA 6136
• C. RA 5455
• D. RA 6124

Answer: (B)

Export incentives are provided to encourage exporters to increase production for overseas markets. Republic Act 6136, the Export Incentives Act, establishes the framework for granting incentives and exemptions to registered export producers, export traders, and service exporters. By lowering the cost of exporting—through tax relief and duty exemptions on materials and equipment used in export activities—the law directly supports exporters to be more competitive globally. The other acts do not specifically authorize these exporter-focused incentives, so this act is the best fit for the described benefits.

Export incentives are provided to encourage exporters to increase production for overseas markets. Republic Act 6136, the Export Incentives Act, establishes the framework for granting incentives and exemptions to registered export producers, export traders, and service exporters. By lowering the cost of exporting—through tax relief and duty exemptions on materials and equipment used in export activities—the law directly supports exporters to be more competitive globally. The other acts do not specifically authorize these exporter-focused incentives, so this act is the best fit for the described benefits.