Summary
RMC No. 15-2023 publishes BOI Memorandum Circular No. 2023-001, issued under Board Resolution Number 02-01, Series of 2023, on logistic services as Activities in Support to Exporters under the 2022 Strategic Investment Priority Plan (SIPP).
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Key points
- Coverage. The SIPP listing covers Ecozone Logistics Service Enterprises (ELSEs) type 3 or a combination of both. This follows the export enterprise definition in Section 293(E) of the CREATE Act.
- Qualifying activities. These are setting up a warehouse storage facility, and importing or buying locally or from PEZA registered enterprises goods for resale or for packing, cutting, altering or kitting for export.
- Export enterprise condition. Such integrated ELSEs are considered export enterprises, provided they render at least 70% of their output or services to another registered export enterprise.
Who is affected
- Ecozone Logistics Service Enterprises (ELSEs) type 3 or combination of both
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.