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FIRB extends deadline for transfer of registered IT-BPM enterprises to BOI

  • Post published:January 12, 2023

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…

Continue ReadingFIRB extends deadline for transfer of registered IT-BPM enterprises to BOI

FIRB approves tax incentives for P2.5-billion manufacturing project

  • Post published:December 6, 2022

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…

Continue ReadingFIRB approves tax incentives for P2.5-billion manufacturing project

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…

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

FIRB approves transfer of registered IT-BPM enterprises to BOI, irons out long-standing WFH problem

  • Post published:September 16, 2022

The Fiscal Incentives Review Board (FIRB) agreed to allow the transfer of registered Information Technology and Business Process Management (IT-BPM) companies to the Board of Investments (BOI) in an effort…

Continue ReadingFIRB approves transfer of registered IT-BPM enterprises to BOI, irons out long-standing WFH problem

WFH arrangement for IT-BPM enterprises extended until further notice from FIRB

  • Post published:September 9, 2022

Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Benjamin Diokno issued a memorandum provisionally extending the existing work-from-home (WFH) arrangement for the Information Technology and Business Process Management (IT-BPM)…

Continue ReadingWFH arrangement for IT-BPM enterprises extended until further notice from FIRB

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…

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

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,…

Continue ReadingFIRB convenes members under new admin, tackles rationalization and streamlining guidelines

FIRB Secretariat holds 15 town hall meetings for 2,400 firms, other stakeholders

  • Post published:June 23, 2022

The Fiscal Incentives Review Board (FIRB) Secretariat has successfully conducted 15 virtual town hall meetings attended by 2,400 participants combined, in an effort to brief and assist its stakeholders on…

Continue ReadingFIRB Secretariat holds 15 town hall meetings for 2,400 firms, other stakeholders

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…

Continue ReadingFIRB bares non-compliance of IPAs with CREATE reportorial requirements

FIRB finds PEZA clueless on actual investments made by locators who enjoy tax incentives

  • Post published:June 15, 2022

The Philippine Economic Zone Authority (PEZA) does not track the inflow of actual investments made by its registered business enterprises (RBEs) since the implementation of the Corporate Recovery and Tax…

Continue ReadingFIRB finds PEZA clueless on actual investments made by locators who enjoy tax incentives
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