Tieza rakes in ₱1.4B in taxes as outbound travel surges

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Tieza rakes in ₱1.4B in taxes as outbound travel surges - Business Mirror

Quick Summary:

THE Tourism Infrastructure and Enterprise Zone Authority (Tieza) has collected some P1.36 billion in travel taxes in the first five months of the year, Tieza data revealed.

The first batch of TFAFs will be located in destinations with a high concentration of tourists such as La Union, Boracay Island, Siargao, Panglao Island, Palawan and Puerto Galera, according to a statement from the DOT.

Data provided by the government-owned and -controlled corporation showed that gross travel taxes collected from January to May, was 32-percent higher than the P1.03 billion collected in the same period last year.