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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

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…

Continue ReadingFIRB: 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

  • 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.…

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

FIRB Secretariat harmonizing investor fees collected by IPAs

  • Post published:June 3, 2022

With the goal to formulate sound guidelines on the fees collected by the different investment promotion agencies (IPAs) from their respective registered business enterprises (RBEs), the Fiscal Incentives Review Board…

Continue ReadingFIRB Secretariat harmonizing investor fees collected by IPAs

FIRB grants tax perks to Converge, 3 more Telcos

  • Post published:May 25, 2022

Upon the recommendation of the Board of Investments (BOI), the Fiscal Incentives Review Board (FIRB) has approved the tax incentives applications of four telecommunications companies (telcos), including Converge ICT Solutions,…

Continue ReadingFIRB grants tax perks to Converge, 3 more Telcos

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…

Continue ReadingFIRB has monitoring system for CREATE-incentivized investors

FIRB approves tax perks for Project Agila, supports Hanjin shipyard rehabilitation

  • Post published:May 10, 2022

The Fiscal Incentives Review Board (FIRB), upon the endorsement of the Subic Bay Metropolitan Authority (SBMA), has approved the grant of tax incentives to Project AGILA for the redevelopment and…

Continue ReadingFIRB approves tax perks for Project Agila, supports Hanjin shipyard rehabilitation

FIRB says WFH setup for incentivized IT-BPM enterprises was temporary measure at height of pandemic

  • Post published:April 28, 2022

Finance Assistant Secretary Juvy Danofrata has reiterated that the Fiscal Incentives Review Board (FIRB) had allowed the work-from-home (WFH) setup for registered business enterprises (RBEs) only as a time-bound temporary…

Continue ReadingFIRB says WFH setup for incentivized IT-BPM enterprises was temporary measure at height of pandemic

Budgetary support for IPAs amount to P58 billion over 2017-2021 period

  • Post published:April 18, 2022

The Fiscal Incentives Review Board (FIRB) Secretariat has reported that the amount of budgetary support investment promotion agencies (IPAs) received from the national government in the last five years has totaled a…

Continue ReadingBudgetary support for IPAs amount to P58 billion over 2017-2021 period

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…

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