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PROMOTE INVESTMENT
TWO MAJOR
FUNCTIONS
OF TIEZA
- as the infrastructure
arm of dot
- as an investment
promotions agency
INFRASTRUCTURE
GUIDELINES
The project should involve development, rehabilitation and
Procedure
1. The proponent submits a concept note on the
and
enhanced
Expected economic benefits
Cost estimate
Project management
Action plan to ensure sustainability; and
Economic impact to local and economic development
Counterpart Contribution
The proponent shall be required to provide a counterpart
Specific Criteria
Ecological and cultural consideration (25%)
Economic consideration (20%)
Sustainability (20%)
Community and stakeholder consideration
(15%)
Financial consideration (10%); and
Cultural (10%)
and/or TIEZA.
Role of TIEZA
Evaluates closely all project proposals in accordance with this
TIEZA
as an Investment Promotions
Agency
Jurisdiction
The TIEZA shall have sole and exclusive jurisdiction in
the establishment and designation of a Tourism
Enterprise Zone (TEZ) as well as the registration of
Tourism Enterprises (RTE) which shall not be
impliedly repealed or modified.
All permits and licenses shall be issued by TIEZA to
TEZ Operators and Registered Tourism Enterprises.
TIEZA shall also administer and grant the incentives
under RA 9593.
MEMORANDUM OF AGREEMENT
WITH OTHER AGENCIES
JUNE 29, 2010
BUREAU OF INTERNAL REVENUE
AUGUST 23, 2010
BUREAU OF CUSTOMS
AUGUST 31, 2010
BUREAU OF IMMIGRATION
DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES
JANUARY 3, 2011
DEPARTMENT OF LABOR AND EMPLOYMENT
TEZ ROADSHOWS
N HOTEL, CAGAYAN DE ORO
- AUGUST 16, 2011
TEZ ROADSHOWS
MARLIM MANSION HOTEL, ANGELES CITY
- AUGUST 18, 2011
TEZ ROADSHOWS
DIAMOND HOTEL, MANILA
- AUGUST 31, 2011
TEZ ROADSHOWS
WATERFRONT HOTEL, CEBU
- SEPTEMBER 2, 2011
TEZ ROADSHOWS
FORT ILOCANDIA, LAOAG CITY
- SEPTEMBER 9, 2011
TEZ ROADSHOWS
HOTEL DEL RIO, ILOILO CITY
- SEPTEMBER 16, 2011
TEZ ROADSHOWS
LEGEND HOTEL, PALAWAN
- OCTOBER 28, 2011
Classification of TEZs
1)
2)
3)
4)
5)
TIEZA EVALUATES
APPLICATION AND
PREQUALIFICATION
DOCUMENTS
TIEZA BOARD
DELIBERATES ON
THE EVALUATION
REPORT
PROPONENT
SUBMITS
REQUIREMENTS
PROPONENT SIGNS
DESIGNATION
AGREEMENT WITH
TIEZA SIGNED BY
THE COO
TIEZA ISSUES
NOTICE TO
COMPLETE PREDESIGNATION
REQUIREMENTS
TIEZA ISSUES
CERTIFICATION OF
DESIGNATION
Tourism Estate
Management Services
Restaurants
Shops
Sports and Recreational
Centers
Spas
Facilities offering Health
and Wellness Services
Museums and Galleries
PROPONENT SUBMITS
APPLICATION FORM
ATTACHING THERETO A
FAVORABLE
ENDORSEMENT FROM
THE TEZ OPERATOR
TIEZA BOARD
DELIBERATES ON
THE EVALUATION
REPORT
TIEZA EVALUATES
APPLICATION AND
PREQUALIFICATION
DOCUMENTS
TIEZA ISSUES
NOTICE TO
COMPLETE PREDESIGNATION
REQUIREMENTS
PROPONENT
SUBMITS ALL
REQUIREMENTS
PROPONENT SIGNS
REGISTRATION
AGREEMENT WITH
TIEZA SIGNED BY
THE COO
TIEZA ISSUES
CERTIFICATION OF
REGISTRATION
Fiscal Incentives
INCOME TAX HOLIDAY (ITH)
6 Years
Extendible for another 6 years
NET LOSS CARRY OVER
Net operating loss may be carried over as a deduction
from gross income for the next 6 consecutive years
following the year of the loss.
GROSS INCOME TAXATION (GIT)
5% gross income tax in lieu of all national internal
revenue taxes except real estate tax
Fiscal Incentives
TAX AND DUTY FREE IMPORTATION
Capital investment and equipment
Transportation and accompanying spare parts
Goods and Services
TAX CREDIT ON LOCALLY SOURCED GOODS
SOCIAL RESPONSIBILITY INCENTIVE
Tax deduction of 50% of the cost of social
responsibility programs
Non-fiscal Incentives
EMPLOYMENT OF FOREIGN NATIONALS
SPECIAL INVESTORS RESIDENT VISA
NO REQUISITION OF INVESTMENT EXCEPT IN
TIME OF WAR OR NATIONAL EMERGENCY AND
ONLY FOR THE DURATION THEREOF
LEASE OF LAND BY FOREIGN NATIONALS