They go to work when people are advised to stay home; brave the storm to lead people out of harm’s way; enter damaged structures to rescue trapped residents; and do what heroes do — save lives. After work is done, they are just like any worker — they go home to their families, have a meal, and...
The Department of Finance (DOF) expressed gratitude to the Philippine Chamber of Commerce and Industry (PCCI) for supporting the government’s fiscal policy reforms that made the Philippines attractive to investors. At the recent 48th Philippine Business Conference and Expo, Finance Assistant...
Catholic priest Father Bryand Restituto of the Archdiocese of Palo has been appointed as the new assistant secretary general of the Catholic Bishops' Conference of the Philippines (CBCP). Based on the CBCP News website, Restituto was "formally introduced to the bishops on July 9, the first of their...
The Fiscal Incentives Review Board (FIRB) revealed that the Philippine Economic Zone Authority (PEZA) is not tracking the inflow of actual investments made by its registered business enterprises (RBEs). In a statement, Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said PEZA...
The Fiscal Incentives Review Board (FIRB) welcomed the decision of Concentrix, a major business process outsourcing (BPO) firm, to give up its tax perks in exchange for a continued hybrid work setup for its employees. Finance Assistant Secretary and FIRB Secretariat Juvy Danofrata said...
The government lost billions of pesos in power subsidies and tax incentives to now-defunct Hanjin Heavy Industries and Construction Philippines Inc. (HHIC-Phil), the Fiscal Incentives Review Board (FIRB) said. In a statement Tuesday, June 7, Finance Assistant Secretary and FIRB Secretariat Head...
The Fiscal Incentives Review Board (FIRB) has instructed all investment promotion agencies (IPAs) to submit a copy of the schedule of rates for their various services relating to the grant and administration of tax incentives. In a statement, Finance Assistant Secretary and FIRB Secretariat Head...
Investors and enterprises can now access the Fiscal Incentives Registration and Monitoring System (FIRMS), an online registration where investors can monitor their submitted applications for tax incentives, the Department of Finance (DOF) said. Finance Assistant Secretary and Fiscal Incentives...
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,...
Personal income tax (PIT), which is withheld from an employee's salary and paid to the government, remained a major revenue stream for the government despite the lowering of rates on individual taxpayers and the pandemic-induced economic slowdown. Data released from the Department of Finance (DOF)...
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 Philippines has called on the Association of Southeast Asian Nations (ASEAN) human rights body and relevant sectoral bodies to advance human rights in protecting the environment and promoting sustainable development in the region. AICHR Temporary Philippine Representative and Assistant...
