November 15, 2016
REVENUE REGULATIONS NO. 07-16
| SUBJECT | : | Rules and Regulations Implementing the Tax Incentives Available to Tourism Enterprises Duly Registered with the Tourism Infrastructure and Enterprise Zone Authority under Republic Act No. 9593 Otherwise Known as the "Tourism Act of 2009" |
| TO | : | All Internal Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended, in relation to Section 85 (a) of Republic Act (RA) No. 9593 or the "Tourism Act of 2009," these regulations are hereby promulgated to implement the fiscal incentives available to Tourism Enterprises duly registered with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) under RA No. 9593.
SECTION 2. Definitions. — For purposes of these Revenue Regulations, the terms used herein shall be defined as follows:
a. Accommodation Establishments shall include, but will not be limited to, hotels, tourist inns, motels, apartelles, resorts, home stay operators, and pension houses;
b. Brownfield Tourism Zone shall refer to an area with existing infrastructure or development...
