Excise Tax Restructuring on Alcohol and Tobacco

Proclamation No. 361 is issued under the powers vested in the President by Republic Act No. 7916.
Republic Act No. 7916 is known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
Proclamation No. 361 is issued upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).

Proclamation No. 361 creates and designates an area as a Special Economic Zone (Information Technology Center).
Proclamation No. 361 expressly anchors the designation on compliance with Republic Act No. 7916, as amended, and PEZA’s implementing framework.

Proclamation No. 361 creates and designates a building known as Inoza Tower.
Inoza Tower has a gross floor area of 37,847.57 m² (Thirty-Seven Thousand Eight Hundred Forty-Seven and 57/100 square meters), more or less.
Proclamation No. 361 designates the building together with the specific land parcels on which it stands.

Proclamation No. 361 designates the parcels of land in Taguig City where the building stands.
The parcels are located at Lots 8 and 11, Block 32, 39th and 40th Streets, Bonifacio Global City, Fort Bonifacio, Taguig City.
The parcels have an aggregate area of 2,494 m² (Two Thousand Four Hundred Ninety-Four square meters), more or less.

Lot 8 is covered by TCT No. 2292-P and is Lot 8, subdivision plan Psd-00-059861, being a portion of Block 32, Pcs-00-009459 LRC Rec. No.
Lot 8 is situated in Barangay Fort Bonifacio, City of Taguig, Island of Luzon.
Lot 8 is bounded on the NE along line 1-2 by Lot 11 of the subdivision plan; on the SE along line 2-3 by Lot 9; on the SW along line 3-4 by Reserved Access Lot 1 (20.00 m. wide); and on the NW along line 4-1 by Lot 7 of the subdivision plan.
Lot 8 has a stated area of 1,247 m², more or less.
Lot 8 references bearings, points, and surveys, including an original survey of September–December 1907 and a subdivision survey of 1–14 February 2002, approved on 30 July 2002 by the Chief Regional Surveys Division, DENR, LMS, National Capital Region, Quezon City.

Lot 11 is covered by TCT No. 2293-P and is Lot 11, subdivision plan Psd-00-059861, being a portion of Block 32, Pcs-00-009459 LRC Rec. No.
Lot 11 is situated in Barangay Fort Bonifacio, City of Taguig, Island of Luzon.
Lot 11 is bounded on the NW along line 1-2 by Lot 12 of the subdivision plan; on the NE along line 2-3 by Reserved Access Lot 2 (20.00 m. wide); on the SE along line 3-4 by Lot 10; and on the SW along line 4-1 by Lot 8 of the subdivision plan.
Lot 11 has a stated area of 1,247 m², more or less.
Lot 11 references bearings, points, and surveys, including an original survey of September–December 1907 and a subdivision survey of 1–14 February 2002, approved on 30 July 2002 by the Chief Regional Surveys Division, DENR, LMS, National Capital Region, Quezon City.

Proclamation No. 361 designates the Inoza Tower building and the Lots 8 and 11, Block 32 described above as a Special Economic Zone (Information Technology Center).
Proclamation No. 361 treats the designated zone as governed by Republic Act No. 7916, as amended, and its Implementing Rules and Regulations.
Proclamation No. 361 ties the designation to specific PEZA Board resolutions, including Resolution No. 00-411 (s, 2000), as amended by Resolution Nos. 11-066 (s, 2011), 15-240 (s, 2015), and 17-472 (s, 2017), and Resolution No. 13-229 (s, 2013).

Proclamation No. 361 makes the designation subject to Republic Act No. 7916, as amended.
Proclamation No. 361 makes the designation subject to PEZA’s Implementing Rules and Regulations.
Proclamation No. 361 makes the designation subject to the referenced PEZA Board of Directors resolutions listed in the proclamation.

Proclamation No. 361 is signed by RODRIGO ROA DUTERTE, President of the Philippines.
Proclamation No. 361 is attested by SALVADOR C. MEDIALDEA, Executive Secretary.