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…
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…
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…
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…
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…
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)…
