PEZA REPORTORIAL

REQUIREMENTS
INCLUDING TIMTA REPORTS
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TYPE OF REPORT DUE DATE

 Economic Zone Monthly Performance Report On or before the 20th day of the following
(EZMPR) –Online submission month

 Annual Report 90 days after the end of the accounting

(Per Memorandum Circular No. 2016-014 period
dated 11 April 2016, submission is deferred (Suspended)
until a Memorandum Order on the new due
date of submission has been issued.
System for online submission of the report
is being developed by the PEZA MIS to
include data requirements of TIMTA)

 Audited Financial Statements (AFS) stamped 30 days after filing with BIR
“Received” by BIR
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TYPE OF REPORT DUE DATE

 Quarterly Income Tax Returns (ITR) 15 days after filing with BIR
(Including copy of O.R. of payment of 3% of the 5%
GIT to the BIR and O.R. of payment of 2% of the 5%
GIT to the LGU)

 Annual Income Tax Return 30 days after filing with BIR

(Including copy of O.R. of payment of 3% of the 5% Under TIMTA, enterprises registered with
GIT to the BIR and O.R. of payment of 2% to the PEZA and other Investment Promotion
LGU) Agencies must file their ITR and pay taxes
using the BIR’s electronic system (eFPS) for
filing and payment of taxes.
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TYPE OF REPORT DUE DATE

 Breakdown/Schedule of Sales Per Activity Submitted together with AFS and annual ITR
(Suspended)
 Breakdown/Schedule of Other Income (Suspended) Submitted together with AFS and annual ITR

 Data on Revenues and Taxes Paid (Suspended) Submitted together with AFS and annual ITR

 Notice of Start of Commercial Operations Within 7 days from said date

 Replacement of any Board of Director/Member or 30 days after the said change

officer
 Amendment of the Articles of Incorporation or By- 30 days after registering with SEC
Laws
 Change of Corporate Name and Equity Ownership 30 days after the said change

 Copy of BIR certificate of change in accounting 30 days after the said change
period
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Reminders:
1. Mandatory fields: a) Highest Officer; b) Compliance Officer;
c. Prepared by: (staff who prepared the report); d) In-charge of
EZMPR. Contact details must also be included.
2. Read Instructions including Notes and Definitions to avoid
errors

-Data generated from the EZMPR are reported to other government

institutions/agencies such as Senate, Congress, DOF, LGUs
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PENALTIES FOR LATE SUBMISSION OF PEZA REPORTS:

Basic Fine Daily Fine
1st Violation PhP 500.00 Php 50.00
2nd Violation 1,000.00 150.00
3rd Violation 2,000.00 200.00

 PEZA will not issue certifications of VAT Zero rating, Available Incentives & 5% GIT if the Enterprise is
not up to date in submission of all reportorial requirements including TIMTA reports, and with ITH-
related compliance requirements, i.e., SCO, ITH and base figure validation.

 The Zone Manager may also withhold issuance/approval of PEZA Permits to the PEZA enterprise with
unsubmitted reports and uncomplied ITH-related requirements
7

TAX INCENTIVES MANAGEMENT AND

TRANSPARENCY ACT (TIMTA)
Republic Act No. 10708

REQUIREMENTS AND REPORTS

8

09 December 2015
TIMTA was signed into law by Pres. Aquino

23 June 2016
Joint Administrative Order No. 1-2016 on The Rules and
Regulations to Implement Republic Act No. 10708 was
signed by the Secretaries of Department of Finance and
Department of Trade and Industry
9

OBJECTIVE (SECTION 2 OF RA 10708)

“to enable the government to monitor, review and analyze the

the economic impact thereof (of tax incentives) and thereby
optimize the social benefit of such incentives.”
10

REQUIREMENTS:

 All business entities registered with Investment Promotion Agencies (IPAs), including
PEZA-registered enterprises and Developers/Operators, are required to submit annual
reports to their respective IPAs, particularly on the amount of tax incentives claimed by
the business entity for the year.

 All RBEs shall file their tax returns and pay their tax liabilities, on or before the
deadline as provided under the National Internal Revenue Code (NIRC), as amended
using the electronic system for filing and payment of taxes

 The IPAs, in turn, are required to submit an annual report to the Bureau of Internal
Revenue (BIR) consolidating the annual reports of its registered business entities and
to the National Economic Development Authority (NEDA)
11

REPORTS TO BE SUBMITTED BY THE REGISTERED BUSINESS ENTITY

Annex A.1 Annual Tax Incentives Report: Income Based Tax Incentives

Annex A.2 Annual Tax Incentives Report: VAT, Excise Tax and Duty-
Based Incentives
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WHO ARE REQUIRED TO SUBMIT THE ANNUAL TAX

INCENTIVES REPORTS

 RBEs AVAILING OF INCENTIVES ARE MANDATED TO SUBMIT

THE ANNUAL TAX INCENTIVES REPORT (AITR)
13 Annex A.1
ABC COMPANY, INC.
ANNUAL TAX INCENTIVES REPORT- INCOME-BASED TAX INCENTIVES FOR CALENDAR/FISCAL YEAR

Registered Address: ____________________________________

Taxpayer Identification No. ____________________________________
Revenue District Office No. ___________________________________
Entitlement Period of Tax Incentive
Tax Incentives Claimed (As declared by RBE in the ITR)
s (ITH)

ITH Extension Income Tax Otherwise Due

PHIL. STANDARD IND
Registered Name Tax Identification C Registration No Date of Registra (Y or N) If Y wh Net Taxable Inc Other Income Tax Total Tax Incenti
Company Code Zone Location Date of COR Registered Activities/ Actual Activities USTRY CLASSIFICATI Net Sales Cost of Sales Gross Income Tax Rate Income Tax Paid Net Tax Relief
( Registered Business Entity) ode . tion (R.A/ S.A) ether Expansion Date of Start of 5 ome Incentives ves Claimed
ON (PSIC) CODE
of Bonus Year % GIT Special Rate ITH
Start End

a b c=(a-b) d e f= (d*30%) g= (d*30%) h=(c*e) or (d*e) i= g or (f-h) j k=i+j

(C) (B) (D) (E) (F) (G) (H) (I) (J) (K) (L) (M) (N) (O) (P) (Q)
(A)

Manufacture/ assembly of computer component

89-55 s such as the magnetic head core assemblies a
ABC10670 ABC COMPANY, INC. Laguna Technopark-SEZ 18-Mar-2013 3-Feb-1989 D32 May-89 Apr-93 May-93
as amended nd head gimbals assemblies used in hard disk d
rives

Production of magnets for micro-speakers and

ABC35167 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - 6-Feb-1995 D32 Apr-95 Nov-99 Apr-99
CD-ROM pick-up

Manufacture of voice coil motor (VCM) assembl

ABC35168 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - 22-Oct-1997 D32 Jun-97 May-00 Jun-00
y

ABC35169 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - Nickel plating of VCM products 17-Feb-1999 D28 Sep-99 Aug-02 Sep-02

The establishment of inspection facilities for Ma

ABC35170 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - gnetized plate inspection of voice coil motors (V 17-Feb-1999 D32 Jan-99 Dec-02 Jan-03
CM) products

ABC35171 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - Manufacture/ assembly of multisound device 4-Jul-1999 D32 - - Jul-99

Manufacture of TFT-Chip Inductor, a componen

ABC35172 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - 2-Nov-1999 D32 - - Nov-99
t part of VCM assembly

Manufacture of magnets for VCM of computer h

ABC35173 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - 3-Jul-2000 D32 May-00 Apr-03 May-03
ard disk drive and pager of cellular phone

ABC35174 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - Manufacture of bonded magnets 2-Apr-2001 D32 Apr-01 Mar-04 Apr-04

manufacture of magnetic parts for compact disc

ABC35175 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - s (CD) and voice coil motor (VCM) for hard disk 20-Aug-2008 D32 Feb-97 Jan-02 Feb-02
drive

ABC35175 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - Production of processed magnets 20-Aug-2008 D32 Apr-03 Mar-06 Apr-06

To lease out an approximately 240 sq. M. -area

ABC35176 ABC COMPANY, INC. Laguna Technopark-SEZ S.A. - 12-Mar-2013 K70 - - May-13
within its factory buildings to DEF COMPANY.

TOTAL

Certified By:
14 Annex A.2

ABC COMPANY, INC.

ANNUAL TAX INCENTIVES REPORT- VAT, EXCISE TAX and DUTY-BASED INCENTIVES FOR CALENDAR YEAR__________

Registered Address: ____________________________________

Taxpayer Identification No. ____________________________________
Revenue District Office No. ___________________________________

A. VAT, EXCISE TAX and DUTY EXEMPTION B. VAT and DUTY CREDIT C. VAT ZERO RATED

Net Tax and Duty Waived (

Description ( Tax and Duty Waived from
District P Volume of Import Value of Import Value of Import Tax and Duty Waived fr Duty and Tax Payments on Local
Direct Import -Duty and T Claimed Granted
Raw material s (In US$) (In Php) om Direct Import Value of Sales Value of V Value of
Registered Activities/ Actual Activiti Date of Re orts & No ax Payments on Local Sale
Zone Locati s/inputs, Capi Sales to AT Zero R VAT Zer
es gistration . of Impor s)
on tal equipment Domesti ated Purc o Rated
t/ Adm VAT Pay VAT Pay
, Motor vehicl c Market hases (In Exports
ission Ent Unit of Inter Zon Inter Zon Duties VAT Excise Duties ment to ment to Excise Duties VAT Excise
e, Consumer g Direct I Direct Im (In Php) Php) (In Php)
ry Quantity Measur CBW e Transfe CBW e Transfe BIR BOC VAT Duty VAT Duty
oods, others) mport port
e r r
a b c d e f g h = a-d i = b-e-f j=c-g
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) (K) (L) (M) (N) (O) (P) (Q) (R) (S) (T) (U) (V) (W) (X) (Y) (Z) (AA) (BB) (CC)
Manufacture/ assembly of computer components such as the
Laguna Technopar
magnetic head core assemblies and head gimbals assemblie 18-Mar-2013
k-SEZ
s used in hard disk drives

Production of magnets for micro-speakers and CD-ROM pick Laguna Technopar

-
-up k-SEZ

Laguna Technopar
Manufacture of voice coil motor (VCM) assembly -
k-SEZ

Laguna Technopar
Nickel plating of VCM products -
k-SEZ

The establishment of inspection facilities for Magnetized plat Laguna Technopar

-
e inspection of voice coil motors (VCM) products k-SEZ

Laguna Technopar
Manufacture/ assembly of multisound device -
k-SEZ

Manufacture of TFT-Chip Inductor, a component part of VC Laguna Technopar

-
M assembly k-SEZ

Manufacture of magnets for VCM of computer hard disk driv Laguna Technopar
-
e and pager of cellular phone k-SEZ

Laguna Technopar
Manufacture of bonded magnets -
k-SEZ

manufacture of magnetic parts for compact discs (CD) and v Laguna Technopar
-
oice coil motor (VCM) for hard disk drive k-SEZ

Laguna Technopar
Production of processed magnets -
k-SEZ

To lease out an approximately 240 sq. M. -area within its fac Laguna Technopar
-
tory buildings to CDE COMPANY k-SEZ

TOTAL

NOTES:
Volume of Imports- refers to the volume of cargo in kgs reflected in Box 38 of Transhipment Single Administrative Documents (SAD)
Value of Imports in US$ - refers to the FOB (Free on Board) value in dollars, commonly used in shipping documents or arrived at by deducting other factos such as freight and/or insurance reflected in Box 22 of TSAD
Value of Imports in Php- refers to the Total Dutiable Value in Peso which is the basis for the computation of Duties and Taxes reflected in Box 46 of TSAD
Direct Import- Directly sourced from foreign suppliers
Customs Bonded Warehouse-sourced form bonded warehouse duly licensed by the Commissioner of Customs.
Interzone Transfer-sourced from another locators or registered business entity
Tax and Duty Waived-Amount of Duties and Taxes that should have been collected

RBEs located inside Ecozones/Freeport Zones

a) For the Years 2015 and 2016 the Tax and Duty Waived will be estimated based on the Peso Value of Importation multiplied with equivalent tarriff rates.
b) For the Year 2017 onwards, the Tax and Duty Waived is the Amount of Duties and Taxes that should have been collected reflected in Box 47 of TSAD

RBEs under BOI

a) Duty Waived is the Amount of Duty on Capital Equipments that should have been collected reflected in the Consumption Entry
VAT and DUTY CREDIT is applicable to RBEs under BOI pursuant to Article 21 and 39(k) of EO 226
b) Applicable Columns are (A), (B), (C), (D), (G), (J), (M), (U), (X), (Y), (Z), (AA)

Certified By:
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DEADLINE OF SUBMISSION

Annex A.1 -30 days from the statutory deadline for filing of
the Final Adjustment Return for Income Tax and payment of
tax due thereon.

Annex A.2 – March 15 of the following year.

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As provided in DOF-DTI Joint Memorandum Order No. 1 dated 01 September 2016, “For purposes
of reporting of incentives for taxable year 2017 and subsequent years, the RBE shall file with their
respective IPAs their Annual Tax Incentives Reports, within thirty (30) days from the statutory
deadline for filing of Final Adjustment Return for Income Tax, and payment of tax due thereon, if
any, such that:
Year Ending Statutory Deadline for
filing the Final
Adjustment Return and Submission of Annual Accounting Period
payment of tax due Tax Incentives Report
thereon, if any IPA
31 January 2017 15 May 2017 14 June 2017
29 February 2017 15 June 2017 15 July 2017
Fiscal Year
31 March 2017 15 July 2017 14 August 2017
30 April 2017 15 August 2017 14 September 2017
17

Year Ending Statutory Deadline for

filing the Final
Adjustment Return and pa Submission of Annual Accounting Period
yment of tax due Tax Incentives Report
thereon, if any IPA
31 May 2017 15 September 2017 15 October 2017
30 June 2017 15 October 2017 14 November 2017
31 July 2017 15 November 2017 15 December 2017
31 August 2017 15 December 2017 14 January 2018

30 September 2017 15 January 2018 14 February 2018 Fiscal Year

31October 2017 15 February 2018 17 March 2018

30 November 2017 15 March 2018 14 April 2018

31 December 2017 15 April 2018 15 May 2018 Calendar Year

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REMINDER WHEN ACCOMPLISHING THE FORMS:

 All RBEs should refer to the Notes to the Annual Tax Incentives Reports which provide the
description of each column to avoid errors in the reports submitted

PROCEDURE FOR SUBMISSION OF REPORT

Soft copy - in excel format to be e-mailed to timta@peza.gov.ph

Printed copy-signed by the company’s 2 highest officials to be submitted to

the Zone Office
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REPORT ON “OTHER INFORMATION”

 “Other information” – includes information on the benefits generated from the
enterprise’s registered activity/ies enjoying or availing of incentives. It includes
the following: investment (assets and equity), employment, and taxes paid.

The consolidated reports of PEZA RBEs are submitted to NEDA for the cost-
benefit analysis to be conducted by the latter.

 Deadline for submission: Within 90 days from the statutory filing of the Annual
Income Tax Returns

 In 2019, NEDA conducted a survey for their cost benefit analysis covering the
years 2016-2018
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PROCECEDURE FOR SUBMISSION OF REPORT

Soft copy in Excel format together with the scanned copy of the
excel worksheet certified by two (2) highest responsible officials of
the enterprise shall be e-mailed to timta@peza.gov.ph
23

PENALTY PROVISION
For RBEs
1st violation - payment of a fine amounting to PhP100,000

2nd violation - payment of a fine amounting to PhP500,000

3rd violation - cancellation of registration of the

registered business
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Penalty Provision
For Officials and Personnel of IPAs

Fine equivalent to the official’s or employee’s basic salary for a

period of one (1) month to six (6) months or suspension from
government service for not more than one (1) year, or both, in
addition to any criminal and administrative penalties imposable
under existing laws.
Thank you