1 
Republic of the Philippines 
1 
HOUSE OF REPRESENTATIVES 
2 
Quezon City 
3 
4 
TWENTIETH CONGRESS 
5 
First Regular Session 
6 
7 
House Bill No. ____ 
8 
9 
10 
Introduced by Representative 
11 
LEODY “ODIE” F. TARRIELA 
12 
13 
14 
15 
EXPLANATORY NOTE 
16 
17 
The island of Mindoro was previously referred to in some Chinese 
18 
Chronicles as the land “Ma’I” where residents were believed to be trading 
19 
with merchants from other parts of the archipelago and Southeast Asia. 
20 
According to the Philippine Statistics Authority, the province of Occidental 
21 
Mindoro is an agricultural area devoted to the production of crops like rice, 
22 
corn, onions, garlic, and other fruits which contributed to its income. 
23 
Strategically located at the south of province of Batangas in Southern Luzon, 
24 
the province is considered as one of the major gateways to Visayas and 
25 
Mindanao as thousands of goods and people traverse within the province to 
26 
deliver goods and commodities. 
27 
28 
Special Economic Zones or ECOZONEs are selected areas with highly 
29 
developed or which have the potential to be developed into agro-industrial, 
30 
industrial, tourist/recreational, commercial, banking, investment and financial 
31 
centers. An ECOZONE may contain any or all of the following: industrial 
32 
estates (IEs), export processing zones (EPZs), free trade zones, and 
33 
tourist/recreational centers.1 Its objective is to promote the flow of investors, 
34 
both foreign and local, into special economic zones which would generate 
35 
employment opportunities and establish backward and forward linkages 
36 
among industries in and around the economic zones. 
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38 
1 Sec. 4, R.A. No. 7916. 
July 2, 2025
1:15 pm
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This bill provides the establishment of Occidental Mindoro Special 
1 
Economic Zone within the Municipalities of Abra de Ilog, Sta. Cruz and 
2 
Mamburao, which is situated at the center of the province, in order to 
3 
encourage investors to explore countryside investments and provide economic 
4 
stimulus throughout the province. With this bill, the Province of Occidental 
5 
Mindoro will be transformed into a highly developed agro-industrial, 
6 
industrial, commercial, tourist, banking, investment, and financial centers, 
7 
where highly trained workers and efficient services will be available to 
8 
commercial enterprises. 
9 
10 
In view of the foregoing, the passage of this bill is earnestly sought. 
11 
12 
13 
14 
15 
HON. LEODY “ODIE” F. TARRIELA 
16 
Representative 
17 
Lone District, Occidental Mindoro 
18 
19 
20 


3 
1 
Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. ______ 
INTRODUCED BY REPRESENTATIVE 
LEODY “ODIE” F. TARRIELA 
------------------------------------------------------------------------------------------- 
AN ACT 
ESTABLISHING A SPECIAL ECONOMIC ZONE IN THE 
MUNICIPALITIES OF ABRA DE ILOG, STA. CRUZ AND 
MAMBURAO 
PROVINCE 
OF 
OCCIDENTAL 
MINDORO, 
CREATING FOR THE PURPOSE THE OCCIDENTAL MINDORO 
SPECIAL ECONOMIC ZONE AND FREEPORT AUTHORITY 
(OMSEZA), AND APPROPRIATING FUNDS THEREFOR 
Be it enacted by the Senate and the House of Representatives of the 
Philippines in the Congress assembled: 
CHAPTER I 
2 
GENERAL PROVISIONS 
3 
4 
SECTION 1. Short Title. - This Act shall be known as the “Occidental 
5 
Mindoro Special Economic Zone and Freeport Authority Act." 
6 
7 
SEC. 2. Declaration of Policy. - It is declared the policy of the State to 
8 
encourage, promote, and accelerate the sound and balanced industrial, 
9 
economic, and social development of the country.  The establishment of 
10 
special economic zones shall attract legitimate and productive foreign 
11 
investments in strategic locations in the country. It shall generate employment, 
12 
enhance productivity, and increase individual and family incomes, thereby 
13 
enhancing the quality of life of the Filipino people. 
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CHAPTER II 
1 
CREATION OF THE ECONOMIC ZONE 
2 
 
3 
SEC. 3.  Creation of the Occidental Mindoro Special Economic Zone. 
4 
- In accordance with the foregoing declared policy and subject to the 
5 
concurrence of the local government units (LGUs) of the MUNICIPALITIES 
6 
OF ABRA DE ILOG, STA. CRUZ AND MAMBURAO, PROVINCE OF 
7 
OCCIDENTAL MINDORO, there is hereby established a special economic 
8 
zone, hereinafter referred to as the Occidental Mindoro Special Economic 
9 
Zone or Occidental Mindoro Ecozone. The Occidental Mindoro Ecozone shall 
10 
cover a particular area in the Municipalities of Abra de Ilog, Sta. Cruz and 
11 
Mamburao, Province of Occidental Mindoro, the specific metes and bounds 
12 
of which shall be more particularly defined in a presidential proclamation that 
13 
shall be issued for this purpose: Provided, That the lands embraced therein 
14 
shall be contiguous to one another. 
15 
 
16 
SEC. 4. Creation of the Occidental Mindoro Special Economic Zone 
17 
and Freeport Authority. - There is hereby created a body corporate to be 
18 
known as the Occidental Mindoro Special Economic Zone Freeport Authority, 
19 
hereinafter referred to as the OMSEZA which shall manage and operate the 
20 
Occidental Mindoro Economic Zone, in accordance with the provisions of this 
21 
Act. The corporate life of the OMSEZA shall be perpetual, unless its articles 
22 
of incorporation provide otherwise. It shall be organized within one hundred 
23 
eighty (180) days after the effectivity of this Act. 
24 
 
25 
SEC. 5. Governing Principles. - The OMSEZA shall manage and 
26 
operate the Occidental Mindoro Ecozone, under the following principles: 
27 
 
28 
a) 
Within the framework and limitations of the Constitution and applicable 
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5 
 
provisions of Republic Act No. 7160, or the Local Government Code, as 
1 
amended, the Occidental Mindoro Ecozone shall be developed into and 
2 
operated as a decentralized, self-reliant and self-sustaining industrial, 
3 
commercial, trading, agro-industrial, tourist, banking, financial, and 
4 
investment center with suitable residential areas; 
5 
 
6 
b) 
The Occidental Mindoro Ecozone shall be equipped with transportation, 
7 
telecommunications, and other facilities needed to attract legitimate and 
8 
productive investments, generate linkage industries and employment 
9 
opportunities for the people of  MUNICIPALITIES OF ABRA DE 
10 
ILOG, STA. CRUZ AND MAMBURAO, OCCIDENTAL MINDORO 
11 
and those neighboring towns and cities; 
12 
 
13 
c) 
The Occidental Mindoro Ecozone may establish mutually beneficial 
14 
economic relations with other entities or enterprises within the country 
15 
or, subject to the administrative guidance of the Department of Foreign 
16 
Affairs, the Philippine Economic Zone Authority (PEZA), and the 
17 
Department of Trade and Industry (DTI), with foreign entities or 
18 
enterprises;  
19 
 
20 
d) 
Foreign citizens and companies owned by non-Filipinos in whatever 
21 
proportion may set up enterprises in the Occidental Mindoro Ecozone, 
22 
either by themselves or in a joint venture with Filipinos in any sector of 
23 
industry, international trade and commerce within the Occidental 
24 
Mindoro Ecozone; 
25 
 
26 
e) 
The Occidental Mindoro Ecozone shall be managed and operated as a 
27 
separate customs territory thereby ensuring the free flow or movement of 
28 
goods and capital within, into and out of its territory, and shall likewise 
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6 
 
provide incentives subject to Title XIII of the National Internal Revenue 
1 
Code, as amended. However, exportation or removal of goods from the 
2 
territory of the Occidental Mindoro Ecozone to the other parts of the 
3 
Philippine territory shall be subject to customs duties and taxes under 
4 
Republic Act No. 10863, otherwise known as the “Customs 
5 
Modernization and Tariff Act” and other relevant tax laws of the 
6 
Philippines; 
7 
 
8 
f) 
The areas comprising the Occidental Mindoro Ecozone may be expanded 
9 
or reduced when necessary through a presidential proclamation issued for 
10 
the said purpose. For this purpose, the OMSEZA in consultation with the 
11 
LGUs, shall have the power to acquire either by purchase, negotiation or 
12 
condemnation proceedings, any private land within or adjacent to the 
13 
Occidental Mindoro Ecozone for the following purposes: (1) 
14 
consolidation of lands for zone development; (2) acquisition of right of 
15 
way to the Occidental Mindoro Ecozone; and (3) the protection of 
16 
watershed areas and natural assets valuable to the prosperity of the 
17 
Occidental Mindoro Ecozone; 
18 
 
19 
g) 
Goods manufactured by an Occidental Mindoro Ecozone enterprise may 
20 
be made available for immediate retail sale in the domestic market, 
21 
subject to the payment of corresponding taxes on raw materials and other 
22 
regulations that may be formulated by the OMSEZA, in coordination 
23 
with the PEZA, the Bureau of Customs, the Bureau of Internal Revenue, 
24 
and the DTI.  However, in order to protect domestic industries, a 
25 
Negative List of industries shall be drawn up and regularly updated by 
26 
the PEZA. Enterprises engaged in industries included in such Negative 
27 
List shall not be allowed to sell their products locally; and 
28 
 
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7 
 
h) 
The defense and security of the Occidental Mindoro Ecozone and its 
1 
perimeter fence shall be the responsibility of the national government, in 
2 
coordination with the OMSEZA and the concerned LGUs. 
3 
 
4 
SEC. 6.  Development Goals of the Occidental Mindoro Ecozone. - The 
5 
OMSEZA shall determine the development goals of the Occidental Mindoro 
6 
Ecozone within the framework of national development plans, policies, and 
7 
goals. The Chairperson-Administrator shall, upon approval by the Board of 
8 
the OMSEZA, submit the plans, programs, and projects of the Occidental 
9 
Mindoro Ecozone to the Regional Development Council for inclusion in the 
10 
regional development plan. 
11 
 
12 
SEC. 7. Capitalization. - The OMSEZA shall have an authorized 
13 
capital stock of two billion (2,000,000,000) no par shares with a minimum 
14 
issue of Ten pesos (Php10.00) each, the majority shares of which shall be 
15 
subscribed and paid for by the national government and the LGUs embracing 
16 
the Occidental Mindoro Ecozone. The Board of Directors of the OMSEZA 
17 
may, with the written concurrence of the Secretary of Finance, sell shares 
18 
representing not more than forty per centum (40%) of the capital stock of the 
19 
OMSEZA to the general public under such policy as the Board and the 
20 
Secretary of Finance may determine. The national government and the LGUs 
21 
of the Municipalities of Abra de Ilog, Sta. Cruz and Mamburao shall in no 
22 
case own less than sixty per centum (60%) of the total issued and outstanding 
23 
capital of the OMSEZA. 
24 
 
25 
The amount necessary to subscribe and pay for the shares of the national 
26 
government to the capital stock of the OMSEZA shall be included in the 
27 
General Appropriations Act. For the LGUs of the Municipalities of Abra de 
28 
Ilog, Sta. Cruz and Mamburao, the funds shall be taken from their internal 
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8 
 
revenue allotment and other local funds.  
1 
 
2 
SEC. 8. Principal Office of the OMSEZA. - The OMSEZA shall 
3 
maintain its principal office in the Municipality of Mamburao, Province of 
4 
Occidental Mindoro, but it may establish liaison offices within the Philippines 
5 
as may be necessary for the proper conduct of its business. 
6 
 
7 
SEC. 9.  Powers and Functions of the OMSEZA. - The OMSEZA 
8 
shall have the following powers and functions: 
9 
 
10 
a) 
To operate, administer, manage, and develop the Occidental Mindoro  
11 
Ecozone according to the principles and provisions set forth in this Act; 
12 
 
13 
b) 
To register, regulate, and supervise the enterprises in the Occidental 
14 
Mindoro Ecozone in an efficient and decentralized manner, subject to 
15 
existing laws; 
16 
 
17 
c) 
To coordinate with the LGUs and exercise general supervision over the 
18 
development plans, activities, and operations of the Occidental Mindoro 
19 
Ecozone; 
20 
 
21 
d) 
To regulate and undertake the establishment, construction, operation, and 
22 
maintenance of public utilities, other services, and infrastructure in the 
23 
Occidental Mindoro Ecozone such as light and power, shipping,  barging, 
24 
stevedoring, cargo handling, hauling, warehousing, storage of cargo, port 
25 
services or concessions, piers, wharves, bulkheads, bulk terminals, 
26 
mooring areas, storage areas, roads, telecommunications, transport, 
27 
bridges, terminals, conveyors, water supply and storage, sewerage, 
28 
drainage, port operations in coordination with Philippine Ports Authority, 
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9 
 
airport operations in coordination with the Civil Aviation Authority of 
1 
the Philippines, and such other services or concessions or infrastructure 
2 
necessary or incidental to the accomplishment of the objectives of this 
3 
Act;  
4 
 
5 
e) 
To construct, acquire, own, lease, operate, and maintain on its own or 
6 
through contracts, franchise, licenses, bulk purchase from the private 
7 
sector or permits under any of the schemes allowed in Republic Act No. 
8 
6957, otherwise known as the “Build-Operate-Transfer Law”, as 
9 
amended, or joint venture, adequate facilities and infrastructure required 
10 
or needed for the operation and development of the Occidental Mindoro 
11 
Ecozone, in coordination with appropriate national and local government 
12 
authorities and in conformity with applicable laws; 
13 
 
14 
f) 
To approve plans, programs, and projects of the Occidental Mindoro 
15 
Ecozone to be submitted to the Regional Development Council for 
16 
inclusion in the regional development plan;  
17 
 
18 
g) 
To operate on its own, either directly or through licenses to others, 
19 
tourism-related activities, including games, amusements, recreational 
20 
and sports facilities, subject to the approval and supervision of the 
21 
Philippine Amusement and Gaming Corporation;   
22 
 
23 
h) 
To raise or borrow, within the limitation provided by law, and subject to 
24 
the approval of the Monetary Board of the Bangko Sentral ng Pilipinas 
25 
(BSP), as the case may be, adequate and necessary funds from local or 
26 
foreign sources, to finance its projects and programs under this Act and 
27 
for this purpose, to issue bonds, promissory notes, and other forms of 
28 
securities, and to secure the same by a guarantee, pledge, mortgage, deed 
29 


 
10 
 
of trust or an assignment of all or part of its property or assets; 
1 
 
2 
i) 
To protect, preserve, maintain, and develop the forests, beaches, corals, 
3 
and coral reefs, and maintain ecological balance within the Occidental 
4 
Mindoro Ecozone. Notwithstanding the power of the OMSEZA to create 
5 
rules for such purpose, the rules and regulations of the Department of 
6 
Environment and Natural Resources and other government agencies 
7 
involved in the above functions shall be implemented by the OMSEZA; 
8 
 
9 
j) 
To create, operate or contract to operate such functional units or offices 
10 
of the OMSEZA as it may deem necessary; 
11 
 
12 
k) 
To adopt, alter, and use a corporate seal; contract, lease, buy, acquire, 
13 
own or otherwise dispose of personal or real property of whatever nature; 
14 
sue and be sued; and otherwise carry out its functions and duties as 
15 
provided for in this Act; 
16 
 
17 
l) 
To issue certificates of origin for products manufactured or processed in 
18 
the Occidental Mindoro Ecozone in accordance with prevailing rules of 
19 
origin and the pertinent regulations of the PEZA, the DTI, and the 
20 
Department of Finance (DOF); 
21 
 
22 
m) To establish one-stop shops for the issuance of all necessary permits, 
23 
clearances, licenses, and other similar certifications to conduct such 
24 
activities intended to improve the ease of doing business within the 
25 
Occidental Mindoro Ecozone, in coordination with government agencies 
26 
having jurisdiction over activities therein: Provided, That all government 
27 
agencies are directed to provide and extend utmost and full cooperation 
28 
to the OMSEZA in the establishment of such one-stop shops;  
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11 
 
 
1 
n) 
To ensure that the area covered by the Occidental Mindoro Ecozone is 
2 
secure at all times: Provided, That the Armed Forces of the Philippines 
3 
(AFP) or the Philippine National Police (PNP) shall not interfere in the 
4 
internal affairs of the OMSEZA except to provide the necessary security 
5 
and defense, or law enforcement assistance, as the case may be: 
6 
Provided, finally, That expenses of the AFP or the PNP in the Occidental 
7 
Mindoro Ecozone shall be borne by the national government; 
8 
 
9 
o) 
To exercise such powers as may be essential, necessary or incidental to 
10 
the powers granted to it by this Act, as well as those that shall enable it 
11 
to carry out, implement and accomplish the purposes, objectives and 
12 
policies set forth in this Act; and 
13 
 
14 
p) 
To issue rules and regulations consistent with the provisions of this Act 
15 
as may be necessary to accomplish and implement the purposes, 
16 
objectives, and policies provided herein. 
17 
 
18 
 
SEC. 10.   Board of Directors of the OMSEZA. - The powers of the 
19 
OMSEZA shall be vested in and exercised by a Board of Directors, hereinafter 
20 
referred to as the Board, which shall be composed of the following: 
21 
 
22 
a) 
A Chairperson, who shall at the same time be the administrator of the 
23 
OMSEZA; 
24 
b) 
A Vice-Chairperson who shall be elected from among the members of 
25 
the Board of Directors;  
26 
c) 
Members consisting of: 
27 
1) The Governor of the Province of Occidental Mindoro or a duly-
28 
authorized representative from   the Provincial Government of 
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12 
 
Occidental Mindoro; 
1 
2) The mayors of the municipalities covered by the Occidental Mindoro 
2 
Ecozone; 
3 
3) One (1) representative from the investors’ group; and 
4 
4) One (1) representative from among the workers in the Occidental 
5 
Mindoro Ecozone. 
6 
 
7 
The Governor or the Governor’s duly authorized representative and the 
8 
mayors of the municipalities of Abra de Ilog, Sta. Cruz and Mamburao shall 
9 
serve as ex officio members of the Board, whose terms in the Board shall 
10 
correspond to their terms as elected officials. 
11 
 
12 
The Chairperson-Administrator and the members of the Board, except 
13 
for the representatives of the investors and workers groups and the ex officio 
14 
members, shall be appointed by the President of the Philippines to serve for a 
15 
term of six (6) years, unless sooner separated from service due to death, 
16 
voluntary resignation or removal for cause. In case of death, resignation or 
17 
removal for cause, their replacements shall serve only the unexpired portion 
18 
of the respective terms. No person shall be appointed as a member of the 
19 
Board unless the person is a Filipino citizen, of good moral character, of 
20 
proven probity and integrity, and a degree holder in any of the following 
21 
fields: economics, business, public administration, law, management or their 
22 
equivalent, and with at least ten (10) years relevant working experience, 
23 
preferably in the field of management or public administration. 
24 
 
25 
The members of the Board, except the ex officio members, shall each 
26 
receive a per diem allowance at rates to be determined by the Department of 
27 
Budget and Management in accordance with existing rules and regulations: 
28 
Provided, however, That the total per diem allowance collected each month 
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13 
 
shall not exceed the equivalent of four (4) meetings unless and until the 
1 
President of the Philippines has fixed a higher rate for the per diem allowance 
2 
for the members of the Board, such allowance shall not be more than Ten 
3 
thousand pesos (Php10,000.00) for every Board meeting. 
4 
 
5 
SEC. 11. Organization and Personnel. – The Board of Directors of the 
6 
OMSEZA shall provide for its organization and staff. The Board shall appoint 
7 
and fix the remuneration and other emoluments of its officers and employees 
8 
in accordance with existing laws on compensation and position classification. 
9 
The Board shall have exclusive and final authority to promote, transfer, 
10 
assign, reassign, or remove officers of the OMSEZA, any provision of existing 
11 
law to the contrary notwithstanding. The Chairperson-Administrator shall 
12 
execute the decisions of the Board. 
13 
 
14 
The officers and employees of the OMSEZA shall not engage directly 
15 
or indirectly in partisan activities nor take part in any election, except to vote. 
16 
 
17 
No officer or employee of the OMSEZA shall be removed or suspended 
18 
except for cause, as provided by civil service rules and regulations. 
19 
 
20 
 
SEC. 12. Powers and Duties of the Chairperson-Administrator. – The 
21 
Chairperson-Administrator shall have the following powers and duties: 
22 
 
23 
a) 
To direct and manage the affairs of the OMSEZA in accordance with 
24 
the policies of the Board; 
25 
 
26 
b) 
To establish the internal organization of the OMSEZA under such 
27 
conditions that the Board may prescribe; 
28 
 
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14 
 
c) 
To submit an annual budget and necessary supplemental budget to the 
1 
Board for its approval; 
2 
 
3 
d) 
To submit within thirty (30) days after the close of each fiscal year an 
4 
annual report to the Board and such other reports as may be required; 
5 
 
6 
e) 
To submit to the Board for its approval, policies, systems, procedures, 
7 
rules, and regulations that are essential to the operation of the 
8 
Occidental Mindoro Ecozone; 
9 
 
10 
f) 
To recommend to the Board the remuneration and other emoluments of 
11 
its officers and employees in accordance with existing laws on 
12 
compensation and position classification; 
13 
 
14 
g) 
To create a mechanism in coordination with relevant agencies for the 
15 
promotion of industrial peace, the protection of the environment, and 
16 
the advancement of the quality of life in the Occidental Mindoro 
17 
Ecozone; and 
18 
 
19 
h) 
To perform such other duties as may be assigned by the Board or which 
20 
are necessary or incidental to the office.  
21 
 
22 
SEC. 13.  Legal Counsel. - The OMSEZA shall have its own internal 
23 
legal counsel who shall be under the supervision of the Government Corporate 
24 
Counsel. When the exigencies of business and operations demand it, the 
25 
OMSEZA may engage the services of an outside counsel either on a case-to-
26 
case or on a fixed retainer basis. 
27 
 
 
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1 
CHAPTER III 
2 
INCENTIVES TO ECOZONE ENTERPRISES AND INVESTORS 
3 
 
4 
SEC. 14.  Investors Visa. - Any foreign national who invests an amount 
5 
of Two hundred thousand US dollars (US$200,000.00) in a registered 
6 
enterprise, either in cash or equipment, shall be entitled to an investor's 
7 
visa: Provided, That the foreign national has the following qualifications: 
8 
 
9 
a) 
Must be at least eighteen (18) years of age; 
10 
b) 
Must not have been convicted by final judgment of a crime involving 
11 
moral turpitude; 
12 
c) 
Must not be afflicted with any dangerous or contagious disease;  
13 
d) 
Must not have been confined in an institution for any mental disorder or 
14 
disability; and 
15 
e) 
Must be financially capable as borne out by credible and verifiable 
16 
evidence.  
17 
 
18 
With an investor's visa, an alien shall be entitled to reside in the 
19 
Philippines while the investment subsists. The alien investor shall submit an 
20 
annual report in the form duly prescribed for the purpose of proving that the 
21 
investment in the country subsists. Should said alien investor withdraw the 
22 
investments from the Philippines, then the investor's visa issued to said alien 
23 
shall automatically expire and be withdrawn.  
24 
 
25 
The authority to issue visas and work permits shall remain with the 
26 
Bureau of Immigration (BI) and the Department of Labor and Employment 
27 
(DOLE), respectively: Provided, That the BI and the DOLE shall implement 
28 
measures to expedite the processing of such visas and permits for workers in 
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16 
 
the Occidental Mindoro Ecozone and coordinate closely with the OMSEZA 
1 
to facilitate the conduct of business operations. 
2 
 
3 
SEC. 15.  Fiscal Incentives. - Registered enterprises of the Occidental 
4 
Mindoro Ecozone may be entitled to pertinent fiscal incentives granted under 
5 
Title XIII (Tax Incentives) of the National Internal Revenue Code, as 
6 
amended. 
7 
 
8 
SEC. 16. Imposition of a Tax Rate of Five Percent (5%) on Special 
9 
Corporate Income Tax. – No taxes, local and national, shall be imposed on 
10 
business establishments operating within the OMSEZA Ecozone, including 
11 
income tax, withholding tax, donor’s tax, percentage tax, and documentary 
12 
stamp tax. In lieu thereof, and subject to Section 15 of this Act, said business 
13 
establishments shall pay a five percent (5%) final tax on special corporate 
14 
income tax: Provided, That the proceeds from such final tax shall be shared 
15 
by instrumentalities of the government in accordance with the following 
16 
schedule: 
17 
a) 
Three per centum (3%) to the National Government; 
18 
b) 
Two per centum (2%) shall be directly remitted by the business 
19 
establishments to the treasurer’s office of the municipality where the 
20 
enterprise is located. 
21 
The OMSEZA shall have the authority to grant income tax holiday and 
22 
net operating loss carry over subject to Section 15 of this Act and conditions 
23 
as it may have imposed pursuant to Section 15 of this Act. 
24 
SEC. 17. Banking Rules and Regulations Governing Banks and 
25 
Other Financial Institutions. – Banks and other BSP-supervised financial 
26 
institutions to be established in the Occidental Mindoro Ecozone shall be 
27 


 
17 
 
under the supervision of the BSP and subject to existing banking laws, rules 
1 
and regulations. 
2 
 
3 
SEC. 18. Remittances. - In the case of foreign investments, a duly 
4 
registered entity or enterprise within the Occidental Mindoro Ecozone shall 
5 
have the right to remit earnings to its investors in the currency in which the 
6 
investment was originally made and at the exchange rate prevailing at the time 
7 
of remittance, subject to the provisions of Republic Act No. 7653, otherwise 
8 
known as the “New Central Bank Act” as amended. 
9 
 
10 
CHAPTER IV 
11 
NATIONAL GOVERNMENT AND OTHER ENTITIES 
12 
 
13 
SEC. 19.  Supervision and Control. - For purposes of policy direction 
14 
and coordination, the OMSEZA shall be under the direct control and 
15 
supervision of the Office of the President of the Philippines. 
16 
 
17 
SEC. 20. Relationship with Local Government Units. – Except as 
18 
herein provided, the LGUs comprising the Occidental Mindoro Ecozone shall 
19 
retain their basic autonomy and identity.  The Municipalities of Abra de Ilog, 
20 
Sta. Cruz and Mamburao, Province of Occidental Mindoro shall operate and 
21 
function in accordance with the framework of the Constitution, the Local 
22 
Government Code of 1991, as amended, and this Act. 
23 
 
24 
In case of any conflict among the OMSEZA, the LGUs and the national 
25 
government on matters affecting the Occidental Mindoro Ecozone, other than 
26 
national defense and security matters, the decision of the OMSEZA shall 
27 
prevail. 
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18 
 
 
1 
SEC. 21. Audit. - The Commission on Audit shall appoint a full-time 
2 
auditor for the OMSEZA and may assign such number of personnel as may 
3 
be necessary to assist the auditor in the performance of the auditor’s functions. 
4 
 
5 
CHAPTER V 
6 
MISCELLANEOUS 
7 
 
8 
SEC.  22. Interpretation and Construction. - The powers, authorities 
9 
and functions that are vested in the OMSEZA are intended to enhance national 
10 
security, encourage self-sufficiency, foster meaningful decentralization of 
11 
governmental functions and authority, and promotion the of an efficient and 
12 
effective collaboration among the OMSEZA, the national government and the 
13 
LGUs of the municipalities of Abra de Ilog,  Sta. Cruz and Mamburao. Any 
14 
interpretation of this Act shall consider such intentions. In the event of conflict 
15 
of interpretation and provided the intentions cannot be harmonized, the 
16 
provisions of this Act shall be construed in favor of an interpretation that shall 
17 
protect national security. 
18 
 
19 
SEC. 23.  Applicability Clause. – Insofar as they are consistent with 
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the provisions of this Act, the provisions of Sections 30 to 41 of Republic Act 
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No. 7916, otherwise known as "The Special Economic Zone Act of 1995", as 
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amended, shall likewise apply to the Occidental Mindoro Ecozone. 
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SEC. 24. Implementing Rules and Regulations. - Within sixty (60) 
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days from effectivity of this Act, the DTI shall, in coordination with the DOF 
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and the National Economic and Development Authority, formulate rules and 
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regulations for the effective implementation of the provisions of this Act.  
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SEC. 25. Separability Clause. - If any provision of this Act shall be 
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held unconstitutional or invalid, the other provisions not otherwise affected 
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shall remain in full force and effect. 
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SEC. 26.  Repealing Clause. - All laws, executive orders or issuances 
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or any part thereof, which are inconsistent herewith, are hereby repealed or 
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amended accordingly. 
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SEC. 27. Effectivity. - This Act shall take effect fifteen (15) days after 
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its publication in the Official Gazette or in a newspaper of general circulation. 
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Approved. 
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