How to apply for incentives
Step 1: Check if your proposed project or activity is included in the Philippines’ Strategic Investment Priority Plan (SIPP). The SIPP contains projects or activities that promote long-term growth and sustainable development. You may check the current SIPP here.
As the first SIPP is yet to be released, the 2020 Investment Priorities Plan of the Board of Investments (BOI) serves as the transitional SIPP until such time that the initial SIPP is issued.
As proposed by the BOI and approved by the FIRB, activities under the 2020 IPP may be eligible for incentives under the Tier I classification, without prejudice to upgrade to Tiers II or III if qualified under the new SIPP.
Step 2: Get in touch with one of our investment promotion agencies (IPAs) for assistance. The IPAs can facilitate and expedite the setting up and operation of investment projects, assist in the registration process, and provide information and advice on the incentives package applicable.
IPAs will assist in coordinating with local government units and other government agencies, as mandated by the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law. You may click their logos below to visit their websites.
Step 3: Create an account under the Fiscal Incentives Registration and Monitoring System (FIRMS) to proceed with filing of your application. The IPAs will review your applications through FIRMS.
Step 4: Wait for the IPA’s response to your application via the official email address you used to create your FIRMS account.