Name of Enterprise:______________________________

Registered Activity: _____________________________

COMPUTATION OF NET FOREIGN EXCHANGE EARNINGS (NFEE)

From __________________ To __________________

Particulars Taxable Year 1 Taxable Year 2 Taxable Year 3 Total

PhP US$ PhP US$ PhP US$ US$

Total Sales
Local
Export

Less: Foreign Exchange Costs

Raw Materials-Imported
Indirect Materials-Imported
Depreciation-imported machinery
Others (pls. specify)
Total Foreign Exchange Costs

Net Foreign Exchange Earnings

[Export Sales-Total Exchange Costs]

Average NFEE
[Total NFEE/3]

Exchange Rate* (Average)

*Based on Bangko Sentral ng Pilipinas (BSP) Rates

Prepared by: Certified true & correct:

__________________________ _____________________________
Signature Signature

__________________________ _____________________________
Printed Name/Position Printed Name/Position

Date:_________________________

NOTE:

1. If functional currency is already in US$, no need for the equivalent Peso value.
2. Computation of NFEE for the 3-year period (36 months) should commence on the date of start of commercial operations (as approved by PEZA)