FIRB enjoins BOI to finalize SIPP by January 2022
The Fiscal Incentives Review Board (FIRB) has enjoined the Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI), to finalize the Strategic Investment Priority…
FIRB upholds Resolution 19-21 and denies PEZA request to exempt its registered IT-BPM enterprises from the rules on WFH arrangements
The Cabinet-level Fiscal Incentives Review Board (FIRB) maintained during its October 15 meeting the FIRB Resolution No. 19-21 that allows registered business enterprises (RBEs) of the Information Technology and Business…
FIRB approves tax incentives for railway operations of subway project in Makati
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the rail operations of an P81-billion subway project in Makati City that is expected to begin…
FIRB grants work-from-home authorization for IT-BPM companies in ecozones
The Fiscal Incentives Review Board (FIRB) has released the guidelines on FIRB Resolution No. 19-21, which allows Information Technology Business Process Management (IT-BPM) enterprises in economic zones to adopt a…
FIRB okays tax breaks, other incentives for 3 investment projects worth P29-B
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila and worth…
Tax perks of favored firms cost Gov’t P482-B foregone revenues in 2019 alone
Fiscal incentives enjoyed by favored enterprises have cost the government P481.7 billion in foregone revenues in 2019 alone, or a year before the landmark congressional approval of the law that…
DOF, DTI sign CREATE IRR ahead of the 90-day deadline
Finance Secretary Carlos G. Dominguez III and Trade and Industry Secretary Ramon M. Lopez signed on Monday, 21 June 2021, the Implementing Rules and Regulations (IRR) of the Corporate Recovery…
FIRB adopts framework for investment perks applications
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP) that aims to attract…