Section 8Sec./Art. 8

Administration, Implementation and Monitoring of Incentives. - For the proper administration, implementation and monitoring of tax incentives provided under this law, the following are herein mandated: (a) The AF AB shall be responsible for the administration and implementation of the incentives granted to its respective registered enterprises. Among others, it shall adopt and implement systems and procedures affecting trade and customs policies . . The BOC shall set up and establish a custom's controlled area outside the gate of the F AB to facilitate payment of taxes on goods entering the Philippine customs territory; and (b) The AFAB shall likewise submit to the DOF its annual tax expenditures based on the tax incentives granted to its registered enterprises.

The DOF, for its part, shall create a single database of all incentives provided by the governing authority. The DOF shall monitor the incentives granted, and submit all annual report to the President.