QuestionsQuestions (EXECUTIVE ORDER NO. 97-A)
Republic Act (RA) No. 7227, the Bases Conversion and Development Act of 1992.
The Secured Area consisting of the presently fenced-in former Subic Naval Base.
They may import raw materials, capital goods, equipment, and consumer items tax and duty-free.
Consumption items must be consumed within the Secured Area.
They shall be subject to the usual taxes and duties, unless otherwise provided in EO 97-A.
Yes. They may enter the Secured Area and consume any quantity of consumption items in hotels and restaurants within the Secured Area.
Not exceeding US$100 per month per person.
Only residents age 15 and over are entitled.
Not exceeding US$200 per year per person.
Only Filipinos age 15 and over are entitled to the privilege.
Foreign tourists, balikbayans, and returning residents (from abroad) passing through the Secured Area are entitled to the same prevailing tax and duty-free privileges they presently enjoy.
There shall be no pooling, tacking, or advance use of the US$100 or US$200 entitlement.
Sale is allowed only in duly authorized duty-free shops.
They are subject to joint regulation of the Bureau of Customs and the Subic Bay Metropolitan Authority (SBMA) to ensure proper accounting of imports and sale.
They must set up a control system at their own expense, and it must be approved by SBMA and Customs authorities before the outlet operates.
SBMA is to install a computerized identification system; Customs authorities together with SBMA personnel will man the entry/exit/gates.
It takes effect immediately. The Bureau of Customs and SBMA must jointly promulgate the rules and regulations to implement the EO.