Stella Arnaldo#Tieza COO Mark Lapid admitted that the estimated revenue loss “may affect our funding for various projects and operations, especially for #Mindanao and 2Palawan. We might need to reallocate resources or seek alternative funding sources to offset this loss." #traveltax #BIMPEaga #travel #tourism #travel
https://businessmirror.com.ph/2024/08/14/tieza-to-lose-p2-8m-from-bimp-eaga-travel-tax-perk/
Tieza to lose ₱2.8M from BIMP-Eaga travel-tax perk | Ma. Stella F. Arnaldo
THE Tourism Infrastructure and Enterprise Zone Authority (Tieza) stands to lose at least P2.8 million in revenue, with the recently announced exemptions for those traveling from Mindanao and Palawan to any destination within the Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-Eaga). In a Viber message to the BusinessMirror, Tieza Chief Operating…