The Philippines Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 7-2022, which provides updated policies and guidelines for the tax incentives provided under the Renewable Energy Act of 2008. This includes incentives for Renewable Energy (RE) developers and manufacturers, fabricators, and suppliers of locally produced RE equipment, provided that the required certifications/accreditations have been secured. Some of the main incentives for RE developers under Revenue Regulations No. 7-2022 are summarized as follows: Income Tax Holiday (ITH) - Duly-registered RE developers shall be exempted from income taxes as follows: Existing RE Projects - entitled to ITH for 7 years...