The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to the P17-billion US-funded Project AGILA, which seeks to redevelop and operate the Hanjin shipyard in the Subic Bay freeport zone. In a statement, Tuesday, May 10, FIRB said the project was granted special...
The Fiscal Incentives Review Board (FIRB) is not bowing down to pressure as the interagency body stood firm on its decision that the work-from-home (WFH) setup for registered information technology-business process outsourcing (IT-BPO) firms was only temporary. In a statement on Thursday, April 28,...
The Fiscal Incentives Review Board (FIRB) is planning to set uniform charges on registered Philippine Offshore Gaming Operations (POGO) with the investment promotion agencies (IPAs). Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said on Thursday, April 21, that they will look...
The Fiscal Incentives Review Board (FIRB) has approved the tax incentives for a P1.5-billion Cebu-based roll on roll off (RoRo) operator that aims to help modernize the shipping industry and increase competition. Finance Secretary Carlos G. Dominguez III said Tuesday, March 15, that the FIRB...
The Fiscal Incentives Review Board (FIRB) is supporting the proposal on the Strategic Investment Priority Plan (SIPP) by the Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI). The SIPP will serve as the primary basis for determining which projects or...
The Department of Finance (DOF) said the return of information technology-business process management (IT-BPM) employees to on-site work would benefit local micro, small, and medium enterprises (MSMEs). In a statement on Wednesday, March 9, Finance Secretary Carlos G. Dominguez III defended the...
FIRB identifies 3 barriers to foreign investments By Chino S. Leyco The prolonged pandemic, high costs of doing business, and foreign equity restrictions in the Philippines are the main barriers to foreign investments in the country, the Fiscal Incentives Review Board (FIRB) said on Wednesday, Jan....
The inter-agency Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to a P10-billion cement manufacturing project of San Miguel Equity Investments, Inc., the Department of Finance (DOF) announced. In a statement, the DOF said on Monday, Jan. 17, that the FIRB, upon the...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the builder of the Makati City Subway, the Department of Finance (DOF) announced. In a statement released by the DOF on Monday, Nov. 8, it said that the FIRB took into consideration the projected increase in...
Information Technology Business Process Management (IT-BPM) enterprises in economic zones may implement a work-from-home (WFH) arrangement until the end of the first quarter next year, the Fiscal Incentives Review Board (FIRB) approved. Based on the FIRB Resolution No. 19-21, IT-BPM enterprises...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
