Leif Malvas – FIRB Website

FIRB finalizes tax incentive guidelines for non-compliant registered enterprises, approves investment applications in tourism and digitalization

Post published:January 12, 2023

The Fiscal Incentives Review Board (FIRB) is finalizing the guidelines on the suspension or withdrawal of tax incentives, and the cancellation of project or activity registration applicable to all registered…

FIRB: Fiscal prudence must be exercised in the grant of tax incentives under CREATE

Post published:November 10, 2022

Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Benjamin Diokno emphasized that fiscal prudence must be exercised in granting tax incentives, as provided under the Corporate Recovery and Tax…

FIRB clarifies news circulating on the extension of WFH arrangement for IT-BPM enterprises

Post published:September 1, 2022

The Fiscal Incentives Review Board (FIRB) clarified that the information being circulated on the extension of the work-from-home (WFH) arrangement for the Information Technology and Business Processing Management (IT-BPM) sector…

FIRB convenes members under new admin, tackles rationalization and streamlining guidelines

Post published:September 1, 2022

The Fiscal Incentives Review Board (FIRB) convened its new members under the Marcos administration to discuss the rationalization of investor fees and streamlining of the FIRB’s monitoring and evaluation processes,…

FIRB bares non-compliance of IPAs with CREATE reportorial requirements

Post published:June 21, 2022

The Fiscal Incentives Review Board (FIRB) Secretariat has revealed that only four investment promotion agencies (IPAs) have complied fully with the requirement under the Corporate Recovery and Tax Incentives for…

FIRB: Concentrix move to waive tax perks for WFH arrangement shows such incentives not a priority for ecozone investors

Post published:June 10, 2022

Department of Finance (DOF) Assistant Secretary Juvy Danofrata has said that the FIRB welcomes the decision of Concentrix to give up its tax perks in exchange for a continued hybrid…

FIRB discovers Gov’t lost billions of pesos in tax breaks for defunct Hanjin shipyard at Subic freeport

Post published:June 7, 2022

The Fiscal Incentives Review Board (FIRB) Secretariat has reported that the now-defunct Hanjin Heavy Industries and Construction Philippines Inc. (HHIC-Phil) received tax incentives amounting to P370 million in 2015 alone.…

FIRB has monitoring system for CREATE-incentivized investors

Post published:May 23, 2022

The Fiscal Incentives Review Board (FIRB) has put up its Fiscal Incentives Registration and Monitoring System (FIRMS) as one of the major accomplishments of the Corporate Recovery and Tax Incentives…

FIRB okayed incentives for 5 projects with total investment capital of P119-B in 2021

Post published:April 10, 2022

The reconstituted Fiscal Incentives Review Board (FIRB) approved in 2021 the grant of tax incentives to five big-ticket projects with a combined investment capital of P119.5 billion, of which four…

IT-BPM firms may choose to adopt WFH arrangements, but must comply with conditions in operating in ecozones to continue enjoying incentives

Post published:March 22, 2022

The Department of Finance (DOF) clarifies that Information Technology Business Process Management (IT-BPM) companies in ecozones and are registered with investment promotion agencies (IPA) are free to adopt work from…

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FIRB finalizes tax incentive guidelines for non-compliant registered enterprises, approves investment applications in tourism and digitalization

FIRB: Fiscal prudence must be exercised in the grant of tax incentives under CREATE

FIRB clarifies news circulating on the extension of WFH arrangement for IT-BPM enterprises

FIRB convenes members under new admin, tackles rationalization and streamlining guidelines

FIRB bares non-compliance of IPAs with CREATE reportorial requirements

FIRB: Concentrix move to waive tax perks for WFH arrangement shows such incentives not a priority for ecozone investors

FIRB discovers Gov’t lost billions of pesos in tax breaks for defunct Hanjin shipyard at Subic freeport

FIRB has monitoring system for CREATE-incentivized investors

FIRB okayed incentives for 5 projects with total investment capital of P119-B in 2021

IT-BPM firms may choose to adopt WFH arrangements, but must comply with conditions in operating in ecozones to continue enjoying incentives

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