Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Ralph G. Recto has lauded the recent enactment of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for…
In line with President Ferdinand R. Marcos, Jr.’s directive for the government to roll out a ‘red carpet’ for investors, the Fiscal Incentives Review Board (FIRB) has unanimously approved a…
Finance Secretary Benjamin E. Diokno has expressed the Department of Finance’s (DOF) support for the proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, underscoring its…
Finance Secretary Benjamin E. Diokno and Department of Trade and Industry (DTI) Secretary Alfredo E. Pascual approved the amendment to the implementing rules and regulations (IRR) of the Corporate Recovery…
The Department of Finance (DOF), together with the Addis Tax Initiative (ATI), called for stronger inter-agency cooperation to reduce wasteful tax expenditures and boost trust in the tax system for…
The Department of Finance (DOF) welcomed the decision of the Supreme Court affirming the constitutionality of the Tax Reform for Acceleration and Inclusion (TRAIN) Act amid petitions claiming the law…
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…
The Fiscal Incentives Review Board (FIRB) announced that the deadline for the transfer of existing registered business enterprises (RBEs) in the Information Technology and Business Process Management (IT-BPM) sector to…
The Fiscal Incentives Review Board (FIRB) approved the tax incentives application of TDK Philippines Corporation (TPC) for the manufacturing of microwave-assisted magnetic recording sliders (MAMR-Slider). The P2.5 billion project was…
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…
