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More funds for tourism
 

Copyright 1999 BusinessWorld (Philippines)
Article date: October 25, 1999
 

Consistent with present policy to promote the country as a tourist and investment haven in Asia, a senator wants proceeds from travel tax allocated to the Philippine Tourism Authority (PTA).

Senator Loren B. Legarda's Senate Bill (SB) 1758 provides that carriers or their agents issuing international passenger tickets must collect the travel tax. In case of chartered flights where no tickets are issued, the charterer or owner of the private aircraft will be tasked to collect the travel tax. In case of foreign-issued tickets, the travel tax must be paid directly to PTA prior to the departure of the passenger from the Philippines.

Carriers or their agents must not validate bookings or reservations of passengers with foreign-issued tickets unless the tax due is paid. Travel tax collections during the first 15 days of the month must be remitted to PTA not later than the 15th day of the next month while collections from the 16th to the end of the month must be paid not later than the 30th of the next month.

Travel taxes collected by owners of private carriers and vessels must be remitted to PTA not later than 15 days after the completion of the flight or voyage arrangement. PTA must remit travel tax collections to the Bureau of Treasury on a quarterly basis.
 

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