Implicitly, the MoA MC changed or modified in 2004-024 by not taking PEZA incentives into account. A distinction has also been made between PEZA-registered companies headquartered in LGUs with or without MoAs — the latter benefit from more favourable terms. In addition, some LNUs have existing Memorandums of Agreement (MoA) agreements with PEZA, which require registered companies under the jurisdiction of the LGU to pay regulatory fees. Thus, the treasurers of Makati and Taguig have the right to collect city council authorisation fees, waste taxes, health charges and fees for the remediation of businesses registered by PEZA. PEZA`s authority to enter into such an agreement with the LNUs is based on Section 13 of RA 7916, which expressly gives PEZA the power to “manage, manage, manage and develop the ecozone” and “register, regulate and monitor eco-zone businesses effectively and in a decentralized manner.” A MOA IPU network was first signed on April 25, 2007 under the BOI and 26 other government agencies. Finance Minister Carlos Dominguez III signed a new Memorandum of Understanding (MOA) with senior officials from four other government agencies on Wednesday to facilitate business in the country by facilitating early resolution of investor complaints and other concerns. Therefore, if there is no existing agreement (MOA) between PEZA and the LGU concerned, which requires the application for mayor`s authorization and the payment of order fees, it is possible to waive the presentation of the mayor`s authorization during the application for registration of BIR. Currently, PEZA has existing moas with six cities in Metro Manila (Pasay, Pasig, Paraaque, Makati, Taguig and Quezon City). The future viability of PEZA depends on the influx of investors who put their trust in the hands of this government and its systems.
We owe transparency to our investors if it is transparent at the beginning of available incentives and hidden costs for activity in the country. Section 18 of Presidential Decree 66 (The Law Creating the Export Processing Zone Authority) provides that any company responsible for the manufacture, processing, packaging or handling of export products is exempt from payment of all taxes, royalties, licences or taxes of the local government, with the exception of property taxes, in connection with the construction, operation or production within the zone. The new and improved content of the Net MOA UPI took into account the feedback and contributions gathered by the BOI, which acts as the secretariat of the IPU network, at a consultation meeting held on 24 May between the participating government authorities. Trade Minister Ramon Lopez attended the signing of the Net MOA IPU, which was previously signed by the leaders of the other relevant government authorities. A signing ceremony for the new Net MOA IPU was held on July 10 last year at the Boi office in Makati City. Of the original 27 signatories, the new MOA now has nine other government authorities. The new MOA Investment Promotions Network (UPIs), which was coloured this morning, requires 36 government agencies to effectively and quickly resolve the issues raised by investors to avoid delays in processing business registrations, authorizations and licenses, in line with the Duterte administration`s goal of reducing bureaucracy and making the Philippines more attractive to investors. It also aims to encourage the use of the Investment Bureau`s (BOI) One Window Network (OWN) and other online facilitation systems available at other government agencies to expedite the transmission of investment questions, concerns and requests. “Due to several technological changes and advances that have occurred in the country`s economic and political structures and technological advances since the implementation of the Net MOA IPU in 2007, it is necessary to renew the commitment of the relevant government agencies and agencies and to include other offices and agencies in the said MOA, to respond promptly to the questions and concerns of investors referred to them by the BOI and Finally