Incentives, one-peso permit fees offered by TIEZA to tourism industry

Published June 29, 2020, 12:00 AM

by manilabulletin_admin

By Hanah Tabios

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) is now offering tax incentives to tourism enterprises undertaking renovation, as well as lowering of permit fees for as low as P1 as part of its efforts to help the tourism industry recover.

San Vicente Flagship TEZ Administrator Engr. Bernard Alarilla issues the first TIEZA Permit (#0001) jointly signed by San Vicente Mayor Amy Alvarez to Marlon C. Ballesteros of Purok Masigla, Barangay Port Barton, owner of Pisces Tourist Inn, with four (4) rooms. (TIEZA / MANILA BULLETIN)
San Vicente Flagship TEZ Administrator Engr. Bernard Alarilla issues the first TIEZA Permit (#0001) jointly signed by San Vicente Mayor Amy Alvarez to Marlon C. Ballesteros of Purok Masigla, Barangay Port Barton, owner of Pisces Tourist Inn, with four (4) rooms.
(TIEZA / MANILA BULLETIN)

In a statement, TIEZA said its board recently approved the grant of tax incentives to tourism enterprises that are undergoing substantial expansion or upgrade. There will also be tax and duty-free importation incentive for construction materials, Personal Protective Equipment (PPE), and disinfecting supplies and equipment.

The agency has also streamlined requirements for Tourism Enterprise Zone (TEZ) designation and registration of tourism enterprises effective June 1 so interested stakeholders could avail of fiscal incentives.

The issuance of TIEZA’s first permit for 2020 with a P1 fee was made last June 17 at the San Vicente Flagship TEZ in Palawan, which is known for its 14.7-kilometer unbroken stretch of pristine white sand beaches being envisioned to be an environmentally and socially sustainable tourist destination. The P1 permit fee was issued by San Vicente Flagship TEZ Administrator Engr. Bernard Alarilla to Marlon Ballesteros, owner of Pisces Tourist Inn.

“This lowering of the fee, approved by the TIEZA Board, had taken effect. The P1 fee is a tangible proof of our commitment to help the tourism industry recover from the reeling effects of the pandemic,” TIEZA chief Pocholo Paragas said.

Paragas also said that TIEZA has remitted P12 billion to the Bureau of Treasury to support the government’s fight against COVID-19. It has also opened the doors of its various properties for frontline use since the beginning of the crisis.

“This is an unprecedented shared challenge in our country and a massive setback for our tourism industry. Thus, we fully support and join the government in all its recovery efforts, especially for the tourism industry, as jobs, livelihoods, and hospitality businesses are at stake,” he added.

As part of its recovery efforts, TIEZA’s Joint Venture Selection Committee is also continuing its competitive selection for the development and operation of its assets, such as Balicasag Island Dive Resort and the Club Intramuros Golf Course.

TIEZA is also assisting in the development of private TEZs and those tourism enterprises undertaking substantial expansion, renovation, and upgrade in the wake of tourism’s new normal.

“With investment in these projects, it will not only promote the tourism potentials of these places when travel normalizes again, but also provide employment for locals, boost the economic activities in the community, and transform the place into a sustainable, crisis-proof destination,” TIEZA said.

 
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