Philippine Economic Zone Authority
This is to remind all economic zone locator enterprises employing foreign nationals to submit to the Philippine Economic Zone Authority (PEZA) - Foreign National Unit (FNU) at firstname.lastname@example.org on or before 24 May 2019, the following information:
1. Taxpayer’s Identification Number (TIN) of all foreign nationals employed by the economic zone locator enterprises; and
2. Income Tax Return (ITR) of all foreign nationals employed by the economic zone locator enterprises for calendar year 2018.
For economic zone locator enterprises who employed foreign nationals who do not have TIN and/or ITR, please note that the same must be indicated in the submission.
This requirement is provided under PEZA Memorandum Circular (MC) No. 2019-16. Full texts of PEZA MC No. 2019-16 is attached for your reference.
R.G. Manabat comments: Based on our discussion with PEZA, PEZA entities are required to submit BIR Form No. 2316 (Certificate of Compensation Payment/Tax Withheld) until 24 May 2019. Also, PEZA entities are required to file BIR Form No. 1700 (Annual Income Tax Return for Individuals Earning Purely Compensation Income) until 31 May 2019.
DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although R.G. Manabat & Co. endeavors to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
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