Tourism and Culture Minister Mohamed Nazri Abdul Aziz says the tax will be collected from all types of premises used as accommodation for tourists, such as registered hotels and inns.
The suspected spies belong to Philippines' top terrorist groups namely Abu Sayyaf Group, (ASG), Maute Group, Bangsamoro Islamic Freedom Fighters (BIFF) and the Maguid Group.
Almost 9,000 families, who are living in HDB flats built between 1986 and 1992 and are currently on community assistance schemes, are expected to benefit from this.
Aside from the 43,733 families displaced, school classes will also be disrupted for 22,000 elementary and high school students as a result of bloody clashes.