Finance Secretary and Fiscal Incentives Review Board (FIRB) Chair Frederick D. Go welcomed the issuance of Executive Order No. 121, establishing the Electric Vehicle Incentive Strategy (EVIS) Program, describing it as a major step toward developing a globally competitive electric vehicle (EV) manufacturing industry in the Philippines. Approved by the …Read More »

The Department of Finance (DOF) convened the inaugural meeting of the Technical Working Group (TWG) on the Global Minimum Tax (GMT) Legislation and Implementation on 07 July 2026 at the Bureau of Internal Revenue (BIR) National Office in relation with the Philippines’ preparations for the adoption of the GMT framework. …Read More »

The Fiscal Incentives Review Board (FIRB) welcomed President Ferdinand R. Marcos, Jr.’s approval of the 2026 Strategic Investment Priority Plan (SIPP), a key policy instrument that seeks to attract investment, generate quality jobs, and support the country’s long-term economic transformation. “The approval of the 2026 SIPP marks a decisive step …Read More »

The Department of Finance (DOF), together with the Department of the Interior and Local Government (DILG) and the Department of Trade and Industry (DTI), issued Joint Memorandum Circular (JMC) No. 01-2026, or the Guidelines on the Imposition of Local Taxes, Fees, and Charges on Registered Business Enterprises (RBEs) Availing of …Read More »

“We are extending full support to our investors as we navigate through this energy emergency, so they can remain competitive and keep their operations running smoothly. In line with our promise in the CREATE MORE Act, we are prepared to provide a responsive incentives regime that not only safeguards workers, …Read More »

Finance Secretary and Fiscal Incentives Review Board (FIRB) Chair Ralph G. Recto has underscored that the much-awaited signing of the Implementing Rules and Regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act is a clear message to the …Read More »

Finance Secretary and Fiscal Incentives Review Board (FIRB) Chair Ralph G. Recto led its 25th FIRB Board Meeting on February 12, 2025, marking the first time the board evaluated projects exceeding PHP 50 billion in investment capital. The projects involve the advanced manufacturing of multi-layer ceramic capacitors (MLCC) for the …Read More »

The much-awaited enactment of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act in 2024 is one of the Marcos, Jr. administration’s biggest Christmas and New Year’s gifts to both local and foreign investors and the Filipino people. Signed into law …Read More »

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 Reinvigorating the Economy (CREATE MORE), highlighting that it is a win-win for both local and international businesses and the Filipino …Read More »

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 resolution increasing the investment capital threshold for projects handled by Investment Promotion Agencies (IPAs) from PHP 1 billion to PHP …Read More »