New compliance reports for PEZA entities

(EOD Advisory No. 2017-001-A, re: EOD Advisory No. 20017-0001, February 7, 2017)

This Tax Alert is issued to inform all concerned of a new reportorial requirement for PEZA-registered enterprises activities required by the Enterprise Operations Department (EOD).

PEZA enterprises are reminded that they should engage only in their PEZA-registered activities which should be undertaken in areas specified by their Registration/Supplemental Agreements (RA/SA) with PEZA or by valid Letters of Approval/Authority (LOA).

The PEZA companies, which are under the supervision of the PEZA EOD, shall submit to the PEZA EOD a notarized Certification that they are compliant with the provisions of their RA/SAs on or before February 28, 2017 (deadline extended from January 31). Enterprises that are non-compliant, on the other hand, shall inform PEZA in writing on or before February 28, the letter addressed to: