Tourism Act of 2009
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Questions and Answers

What is the main goal of the Philippine Economic Zone Authority (PEZA)?

  • To provide tax breaks to all Filipino businesses
  • To grow and expand Philippine trade and industry (correct)
  • To regulate the stock market in the Philippines
  • To limit the number of jobs available to Filipinos
  • What kind of incentives does PEZA offer to developers of economic zones and export producers?

  • Free healthcare for employees
  • Historical tours in the Philippines
  • Tax breaks and ready-to-occupy locations (correct)
  • Discounts on international flights
  • Under Republic Act No. 7916, what are the two options for tax burden available to PEZA-registered enterprises?

  • Income tax holiday or preferential tax rate of 5% (correct)
  • Exemption from all taxes, including VAT
  • Exemption from VAT but not income tax
  • Income tax holiday or preferential tax rate of 10%
  • What did the Supreme Court pronounce regarding the tax status of businesses registered in Special Economic Zones (SEZs)?

    <p>They are exempt from all internal revenue taxes, including VAT</p> Signup and view all the answers

    What do Special Economic Zones (SEZs) refer to according to the text?

    <p>Selected areas for various economic purposes like industrial centers and financial centers</p> Signup and view all the answers

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