| Gross Proceeds | 100.00% |
| Less : Filipino Participation Incentive Allowance (FPIA) if applicable |
7.50 * |
| Recoverable Cost | 70.00 ** |
| Net Proceeds | 22.50 |
| Less: Contractor’s Share | 9.00 (A) |
| Government Share | 13.50 |
| Less : Income Tax (Contractor’s Share / 70%) x 30%*** |
3.86 |
| Net Government Share | 9.64 |
| Less: National Government Share (60%) | 5.78 |
| LGU Share (40%) | 3.86 |
| * Percentage of FPIA varies from 1.5 to a maximum of 7.5% depending on the participating interest of Filipino partners ** % of Gross Proceeds or actual recoverable cost whichever is lower *** Income Tax Rate starting January 2009 (A) 40% of the Net Proceeds |
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