Clark Development to adopt Subic plan
SUBIC BAY Freeport: Officials of the Clark Development Authority has expressed its intention to copy Subic Bay Freeport Zone following the recent ratification of both Senate and Congress in its bicameral conference committee report converting Clark into a free-port status.
Officials of Clark Development Corp. headed by president Levy P. Laus on Friday met with the Subic Bay Metropolitan Authority administrator, Armand Arreza, who presented him with a comprehensive orientation on the structure of Subic Freeport.
Arreza, along with deputy administrator Ferdinand Hernandez, presented the SBMA organizational structure, business procedures, visa processing, import and export procedures, and environmental regulations, among others, being implemented within the free-port zone.
Arreza also discussed the master plan for land use and management, manpower pooling and other labor concerns, seaport and airport operations, and the ongoing Subic Port Modernization project that is scheduled for completion this year.
Ed Tolentino, Bureau of Internal Revenue district officer, conducted a briefing on tax incentives; privileges and actual revenue collection while Bureau of Customs Port of Subic officials gave the detailed customs procedures, taxes and tariff regulations.
Laus clarified that Clark is still awaiting approval of Malacañang to fully implement the free-port status of Clark, which practically restored the tax incentives and privileges slashed away by the Supreme Court decision last year.
Laus said that as soon as President Arroyo signed the Clark bill into law, the CDC will continue to be the administrator of the sprawling 4,400-hectare industrial and commercial estate.
Laus cited the pending entry of several new inventors particularly those engaged in information and communication technology services, manufacturing and tourism awaiting the Clark bill to become a new law.
The ratification of the bills would restore the tax incentives and duty-free privileges of the more than 350 locators in Clark after the Supreme Court’s decision in July 2005, declaring Clark and other former US military facilities-turned-economic zones, not covered by Republic Act 7227, or the Bases Conversion Law.
--Anthony Bayarong - Manila Times
Officials of Clark Development Corp. headed by president Levy P. Laus on Friday met with the Subic Bay Metropolitan Authority administrator, Armand Arreza, who presented him with a comprehensive orientation on the structure of Subic Freeport.
Arreza, along with deputy administrator Ferdinand Hernandez, presented the SBMA organizational structure, business procedures, visa processing, import and export procedures, and environmental regulations, among others, being implemented within the free-port zone.
Arreza also discussed the master plan for land use and management, manpower pooling and other labor concerns, seaport and airport operations, and the ongoing Subic Port Modernization project that is scheduled for completion this year.
Ed Tolentino, Bureau of Internal Revenue district officer, conducted a briefing on tax incentives; privileges and actual revenue collection while Bureau of Customs Port of Subic officials gave the detailed customs procedures, taxes and tariff regulations.
Laus clarified that Clark is still awaiting approval of Malacañang to fully implement the free-port status of Clark, which practically restored the tax incentives and privileges slashed away by the Supreme Court decision last year.
Laus said that as soon as President Arroyo signed the Clark bill into law, the CDC will continue to be the administrator of the sprawling 4,400-hectare industrial and commercial estate.
Laus cited the pending entry of several new inventors particularly those engaged in information and communication technology services, manufacturing and tourism awaiting the Clark bill to become a new law.
The ratification of the bills would restore the tax incentives and duty-free privileges of the more than 350 locators in Clark after the Supreme Court’s decision in July 2005, declaring Clark and other former US military facilities-turned-economic zones, not covered by Republic Act 7227, or the Bases Conversion Law.
--Anthony Bayarong - Manila Times
Labels: clark, development, subic
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