MIA MEMORANDUM CIRCULAR NO. 102

: The Memorandum Circular applies to all motorized speedboats, yachts, launches, and other watercraft designed and/or used for pleasure and recreation, whether operated for profit or not.
: The energy tax is imposed pursuant to Section 2 of Presidential Decree No. 845 and in line with the government's energy and fuel conservation program.
: The energy tax rate is determined based on the length of the vessel, with specific fees assigned to length brackets ranging from vessels not more than five meters to vessels more than eighty-five meters but not more than ninety-five meters.
: For a vessel longer than five meters but not more than fifteen meters, the energy tax is ₱2,500.00.
: The energy tax must be paid at the time that the fees for the annual licensing and/or inspection of the vessels are payable.
: Failure to pay the energy tax is a ground for non-issuance, non-renewal, or cancellation of the Pleasure Yacht License (PYL).
: No, it specifically applies to motorized vessels only.
: Yes, the Circular applies regardless of whether the vessel is operated for profit or not.
: The penalty is administrative, resulting in non-issuance, non-renewal, or cancellation of the Pleasure Yacht License (PYL).
: It took effect fifteen (15) days after its publication once in a newspaper of general circulation.
: The purpose is to support the government's energy and fuel conservation program.