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 Concentri
About P6 billion in revenues were lost by the government to Hanjin Heavy Industries Inc. after the shipbuilder failed to deliver on its investment commitments to the Philippines.
MANILA - The Fiscal Incentives Review Board (FIRB) will harmonize all fees collected by investment promotion agencies (IPAs) from their registered investors "to ensure that rates are just and reasonable." The board has directed all IPAs to submit a copy of the fees they collected from registered business enterprises, with a detailed report on cost recovery and income generation. FIRB chair, Finance Secretary Carlos Dominguez III, said Friday the board wants to evaluate the fees collected by IPAs as part of its expanded policy-making and oversight functions under the Corporate Recovery and Tax Incentive for Enterprises (CREATE) law. "The need to evaluate and rationalize fees and charges collected by the IPAs is to ensure that there is equity and shared responsibility between the government and its stakeholders," Dominguez added. FIRB Secretariat head, Finance Assistant Secretary Juvy Danofrata, said the guidelines for the harmonization of charges in all IPAs would be
The Cabinet-level Fiscal Incentives Review Board (FIRB) has directed all investment promotion agencies to submit their schedule of investor fees for adjustment purposes.
Broadband internet provider Converge ICT Solutions Inc. has been granted tax incentives by the Fiscal Incentives Review Board (FIRB) for its nationwide rollout of fiber optic network for high-speed broadband services, the Department of Finance (DOF) said Wednesday.