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IN response to the article “TIEZA water unit fails to pay income taxes for 12 years,” which the BusinessMirror published on July 18, 2022, we wish to inform you that pursuant to the observations made by the Commission on Audit (COA) in its 2021 Annual Audit Report of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), all of which had been addressed by the Management in the Exit Conference held with its auditors on May 30, 2022, the Authority resolves to continue its initiatives to further seek improvement of its processes and introduce innovations based on client feedback, third-party audits and observations made by overseeing government agencies.
All concerned sectors and offices are directed to commit to these initiatives, to prepare pertinent documentation and responses to comply with the requirements of COA as warranted.
We affirm that TIEZA is fully committed to its core values of excellence, integrity and innovation.
Mark T. Lapid
Chief Operating Officer
TIEZA