Eric Tipan / Patrick De Guzman Cardano | June 03, 2015 09:20
LTFRB bares requirements for TNVS accreditation
After recently legalizing the operation of online ride-sharing services, the Land Transportation Franchising and Regulatory Board (LTFRB) has released information on the steps vehicle owners and operators must take to accredit their units as a Transportation Network Vehicle Service (TNVS).
As a transport network company (TNC), an owner/operator must pay an accreditation fee of Php 10,000, get a 2-year certificate of accreditation from the board and secure a franchise by submitting the necessary legal documents before starting operations.
They must also fulfill insurance requirements, issue receipts to passengers, check driver’s backgrounds and display their identification card prominently like how taxis do it, and also have distinguishing signage and markings on the vehicle to differentiate them from private vehicles.
On top off all that, the TNVS must also secure a 1-year Certificate of Public Convenience from the TNC. Each car owner will pay Php 510 for the first two applied units.
Both the TNC and the TNVS must be registered with the Bureau of Internal Revenue (BIR).
Under the LTFRB draft memo, only sedans, Asian utility vehicle, sports utility vehicle and vans are allowed to apply for a franchise, and all units have a maximum limit of seven passengers.
The LTFRB says that non-compliant vehicles will be caught and apprehended.