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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 97-A - FURTHER
CLARIFYING THE TAX AND DUTY-FREE PRIVILEGE WITHIN THE SUBIC SPECIAL
ECONOMIC AND FREE PORT ZONE
WHEREAS, Republic Act 7227 (Bases
Conversion and Development Act of 1992) created a special economic and
free port zone with tax and other incentives as provided in said
law;
WHEREAS, Republic Act No. 7227 provides that within the framework and
subject to the mandate and limitations of the Constitution and the
pertinent provisions of the Local Government Code, the Subic Special
Economic and Free Port Zone (SSEFPZ) shall be developed into a
self-sustaining industrial, commercial, financial and investment center
to generate employment opportunities in and around the SSEFPZ and to
attract and promote productive foreign investments; and
WHEREAS, a special tax and duty-free privilege within a Secured Area in
the SSEFPZ subject, to existing laws has been determined necessary to
attract local and foreign visitors to the zone.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
1.1.
1.2.
1.3.
1.4.
1.5.
1.6.
1.7.
In the meantime that control
measures have not been defined and set in place, the SBMA is directed
to other duty free shops located in the SSEFPZ to desist from further
selling duty and tax free goods to persons other than tourists,
balikbayans and returning residents.
1.8.
Customs authorities together
with SBMA personnel, shall man the entry/exit gates of the Secured
Area.
Sec. 2.
Sec. 3.
DONE in the City of Manila,
this 19th day of June in the year of Our Lord, Nineteen Hundred and
Ninety-Three.
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