RMC No. 136-2022: Publishes Fiscal Incentives Review Board (FIRB) Resolution No. 026-2022 – extending the 70:30 Work-From-Home (WFH) arrangement for Registered Business Enterprises in the Information Technology Business Process Management (IT-BPM) Sector and allowing the transfer of registration of existing business enterprises in the IT-BPM from Investment Promotion Agency to Board of Investments

Key points

1. Extension period. The 70:30 WFH arrangement runs from September 13, 2022 until December 31, 2022. RBEs must comply with the conditions in FIRB Resolution Nos. 19-21, 017-22 and relevant issuances.
2. Transfer to BOI. Affected IT-BPM RBEs may transfer registration from their IPA to the Board of Investments until December 31, 2022 and adopt up to 100% WFH. The IPA keeps monitoring compliance and the availment of remaining incentives.
3. Transfer steps. The RBE tells the IPA of its intent, and the IPA sends an endorsement to BOI with registration details, remaining tax incentives and compliance status. BOI then issues a Certificate of Registration showing the remaining incentives, with no new Cost Benefit Analysis.
4. Affected RBEs. These are transferee RBEs with remaining incentives under Section 311 of the NIRC, or approved incentives on or before 14 September 2022 under the Corporate Recovery and Tax Incentives for Enterprises Act.
5. After incentives lapse. The project gets no additional incentives, but may apply if the activity is in the Strategic Investment Priority Plan and has a new investment or qualified expansion.

Who is affected

• Registered Business Enterprises in the IT-BPM sector

Deadlines and effectivity

• WFH extension: September 13, 2022 to December 31, 2022
• BOI transfer allowed until December 31, 2022