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Philippines Fiscal Incentives Review Board Finalizing Tax Incentive Guidelines

17 January 2023

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Approved Changes

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Philippines

The Philippines Department of Finance has issued a release announcing that the Fiscal Incentives Review Board (FIRB) is finalizing the guidelines on the suspension or withdrawal of tax incentives. Further details will be published once available. --- FIRB finalizes tax incentive guidelines for non-compliant registered enterprises, approves investment applications in tourism and digitalization 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 business enterprises (RBEs). The guidelines are meant to provide uniform rules for imposing penalties on non-compliant RBEs....