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PEZA seeking VAT deferment on local purchases of locators – Manila Bulletin


Published June 30, 2021, 7:00 AM
The Philippine Economic Zone Economic Zone Authority (PEZA) has appealed to the Department of Finance (DOF) for a status quo on the zero value added tax rating on local purchases of economic zone locators.
PEZA Director General Charito B. Plaza made this appeal to DOF Secretary Carlos G. Dominguez III following the issuance by the Bureau of Internal Revenue of Regulation (RR) No. 9-2021, imposing a 12 percent VAT from zero-VAT rating on ecozone locators’ local purchases.
PEZA Director General Charito B. Plaza
RR 0-2021 was issued June 9 only this year and was supposed to take effect on the 27th this month. ....

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Petron logs P11.4-B net loss last year


Published March 10, 2021, 11:51 AM
The crash in global oil prices coupled with immense domestic demand contraction had knocked down leading oil firm Petron Corporation with P11.4 billion net loss last year from its P2.3 billion earnings in 2019.
The oil company indicated its sales declined by 27-percent to 78.6 million barrels versus brisk outcome of 107 million barrels in sales the prior year.
Such sales performance consequently sparked off 44-percent tumble on the oil firm’s consolidated revenues to P286 billion, which had been mainly attributed to the pernicious impact of the Covid-19 pandemic. That result had been compared to very rosy P514.4 billion revenues in 2019. ....

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PEZA to celebrate 26th Anniversary with State of PEZA Address, to build partnerships with BSP and banks for credit facilities for ecozones


PASAY CITY, Feb. 18 Continuing to be the top investment promotion agency in the country that manages more than 4,605 registered companies and 410 operating ecozones nationwide amidst the new normal, the Philippine Economic Zone Authority (PEZA) is preparing to celebrate its 26th anniversary on February 24, 2021 at its new office location in Pasay.  
For the second time, the PEZA Director General will deliver a State of PEZA Address (SOPA) and also jumpstart its monthly Global Biz News with the topic on building partnerships with the Bangko Sentral ng Pilipinas (BSP) and other local and foreign banks to create credit facilities for ecozone developments. Plaza delivered her first State of PEZA Address during the Investor’s Recognition Day last year, December 10, 2020.  ....

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