EDC surge endorsement of Travel Tax Exemption as global economy opens

As the global economy opens with the resumption of International Trade Shows, the Export Development Council (EDC) receives a surge in endorsement of Travel Tax Exemption (TTE) applications for participation in international events. The EDC has endorsed five hundred fourteen applications (514) to the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) for the period January to August 2023. This is a solid proof that we are now in the New or Next Normal. It reflected a significant increase compared to the previous years of 2020-2022 due to the pandemic. In 2022, only a total of forty-one (41) applications were endorsed by the EDC from the same period as of this year. The TTE applications are expected to increase further in the last quarter of 2023.

Executive Order 589 (EO 589) only exempts exporters joining international trade fairs, exhibitions, selling missions, conferences, trade negotiations, seminars and other promotion activities from paying the travel tax amounting to Php 1,620 for economy class and Php 2,700 for business class.

EDC and TIEZA have continuously supported Filipino Exporters by giving travel tax exemption incentives through EO 589.

Exporters are still encouraged to avail of this government support. Please click here to download the travel tax exemption application form.

For other concerns and information on tax exemptions not covered by EO 589, you may call TIEZA at 249.5900 locals 641/646/643.- MGL

Leave a Reply

Your email address will not be published. Required fields are marked *