PEZA Reportorial Requirements

An ECOZONE Enterprise shall maintain distinct and separate books of

accounts for its operations inside the ECOZONE and shall submit financial
and other reports/ documents to PEZA on or before their respective due
dates Rule XXI, Section 4 of the PEZA Rules and Regulations to Implement
R.A. No. 7916, as Amended
Where to Submit Reports: Enterprise Services Division

Report Type Due Date

Every 20th day

Economic Zone Monthly Performance
of the following
Report (EZMPR)
month

90 Days after the

end of the
Annual Report
accounting
period

30 Days after
* Audited Financial Statement (AFS)
filing with BIR

Quarterly Income Tax Returns (Including

copy of O.R. of payment of 3% of the 5% 15 Days after
GIT to the BIR and the O.R. of payment of filing with BIR
2% of the 5% GIT to the LGU)

Annual Income Tax Return (ITR) (Including

copy of O.R. of payment of 3% of the 5%
GIT to the BIR and the O.R. of payment of 30 Days after
2% of the 5% GIT to the LGU)Breakdown/ filing with BIR
Schedule of sales per activity Breakdown
and schedule of other income, data on
 revenues and taxes paid (Together with
the AFS & Annual ITR)

COA Annual Audit Report

7 days after
Notice of Start of Commercial Operations
date

Replacement of Director/Member or 30 days after

Board officer date

30 days after
Amendment of Articles or By Laws
registration

30 days after
Change of Name or equity ownership
change

Fines

Basic Fine Daily Fine

1st Violation P 500.00 P 50.00

2nd Violation 1,000.00 150.00

3rd Violation 2,000.00 200.00

Incentives may be withdrawn for non-compliance- basis of the incentives is

PEZA registration agreement

Penalties
 1. Administrative Fines The following schedule of fines and / or
administrative sanctions shall apply to all ECOZONE Enterprises and /
or to any person or group of persons who have committed violations
of these Rules and pertinent circulars / memoranda issued
thereunder:
2. For late filing of financial statements, income tax returns,
performance reports, annual reports and all other reports /
documents as specifically enumerated under Section 4 Rule XXI or
required under existing circulars of the PEZA:

Basic Fine Daily Fine

1st Violation P 500.00 P 50.00 2nd Violation 1,000.00 150.00 3rd Violation
2,000.00 200.00
Failure to wear or display openly the prescribed ECOZONE identification
cards / passes:
1st Violation Reprimand
2nd Violation Confiscation of ECOZONE identification cards / passes with
denial of access to specific areas in the ECOZONE for ten (10) days
3rd Violation Permanent confiscation of identification cards / zone passes
with perpetual denial of access to specific areas in the ECOZONE

3. For violation of Rules X and XI of these Rules: Inventory of Goods,

Finished Products, Materials and other assets/Entry and Exit of Goods)
1st Violation a fine ranging from 50% to 100% of the value of the goods or
merchandise
2nd Violation a fine ranging from 101% to 150% of the value of goods or
merchandise
3rd Violation a fine ranging from 151% to 200% of the value of the goods
or merchandise
For purposes of this rule, the value of the goods shall mean the average
valuation appearing in the invoices, commercial documents or records on
file with the PEZA for the same or similar goods or merchandise for the last
three (3) years reckoned from the date of violation or in the absence
thereof, the latest CIF valuation of the Bureau of Customs on the subject
goods or merchandise.
 1. Suspension of Permits The PEZA may suspend, withhold, disapprove
or revoke import or export permits, authority to engage in local sale,
authority to farm-out, to avail of any incentive or privilege being
administered by the PEZA for failure to comply with these Rules, any
provision of the Registration Agreement between the PEZA and the
ECOZONE Enterprise, the terms and conditions of the permits /
franchises issued by the PEZA and / or for violation of the Act and the
pertinent provisions of the Code and the Decree within a stipulated
or reasonable period of time.
2. Cancellation / Revocation Registration, permit and / or franchise of
an ECOZONE enterprise may be cancelled for any of the following
grounds:
3. Failure to maintain the qualifications of registration / permit /
franchise as required.
4. Violation of any pertinent provision of the Act / Code and / or
Decree; and
5. Violation of any of these Rules and Regulations, the corresponding
implementing memoranda or circulars or any of the general and
specific terms and conditions of the Registration Agreement
between the PEZA and the ECOZONE enterprise or violation of the
terms and conditions of the permit / franchise issued by PEZA.

However, delay by the ECOZONE enterprise in the implementation of the

timetable of its project as set by the PEZA shall result in the automatic
cancellation of the certificate of registration / permit / franchise unless
extended or a different period is set by the PEZA or these Rules.
The imposition of the above penalties shall be without prejudice to the
assessment and collection of customs duties and taxes and/or forfeiture in
accordance with the applicable provisions of the Tariff and Customs Code
of the Philippines.