The incentives offered under Republic Act 9593 shall be without prejudice to the availment of other incentives under other laws; Provided that there shall be no double availment of same or similar incentives; Provided further, that where such laws provide for similar incentive schemes as those contained in the Act, the enterprise may elect to avail of the scheme provided only under one particular law.
TIMTA Compliance
REMINDER TO ALL TIEZA REGISTERED TOURISM ENTERPRISES
THE DEADLINE FOR SUBMISSION OF THE CALENDAR YEAR 2018 ANNUAL TAX INCENTIVES REPORT (ANNEX A.2) – VAT, EXCISE TAX AND DUTY-BASED INCENTIVES UNDER THE TIMTA LAW IS ON 15 MARCH 2019. PLEASE E-MAIL THE SOFT COPY OF THE REPORT TO (IN EXCEL FORMAT) timta.tieza@gmail.com, THE HARD COPY OF THE REPORT SIGNED BY TWO (2) OF THE HIGHEST RESPONSIBLE OFFICIALS OF THE COMPANY SHOULD BE SUBMITTED TO THE TIEZA OFFICE.
DEADLINE FOR ANNEX A.1 – INCOME TAX-BASED INCENTIVES IS 30 DAYS FROM THE MANDATORY FILING OF THE FINAL/ANNUAL INCOME TAX RETURN WITH THE BIR.