Advisory on the Availability of Updated Annual Tax Incentives Report (ATIR), Annual Benefits Report (ABR), Consolidated ATIR, Consolidated ABR, and Master List Templates in the Fiscal Incentives Review Board (FIRB) Website

April 28, 2022 FIRB ADVISORY FOR : All Investment Promotion Agencies (IPAs),Registered Business Enterprises (RBEs),and Other Registered Entities (OREs) SUBJECT : Advisory on the Availability of Updated Annual Tax Incentives Report (ATIR),Annual Benefits Report (ABR),Consolidated ATIR, Consolidated ABR, and Master List Templates in the Fiscal Incentives Review Board (FIRB) Website In line with the policymaking and oversight functions of the FIRB under the CREATE Act, the FIRB Secretariat is pleased to inform the IPAs, RBEs and OREs that the updated templates for the ATIR and ABR are available on the FIRB website ( www.firb.gov.ph ). Pursuant to the CREATE ACT's Implementing Rules and Regulations (IRR) Part IV, Rule 11, Section 2, all RBEs and OREs availing of tax incentives shall, within thirty (30) calendar days from the statutory deadline for filing of tax returns and payment of taxes, submit to the IPAs or other government agencies (OGAs) administering tax incentives the ATIR and ABR, copy furnishing the FIRB. We have also included the templates for Annexes C and D or the consolidated ATIR and ABR per IPA level for submission to the FIRB within sixty (60) calendar days from the statutory deadline for filing of tax returns and payment of taxes pursuant to the CREATE ACT IRR. The summary of deadlines is provided in the table below: Report Submitted by Submitted to Deadline ATIR or Annex A RBEs and OREs availing of tax incentives IPAs and FIRB 18 May 2022* ABR or Annex B Consolidated ATIR per IPA (Annex C) IPAs and OGAs administering tax incentives Bureau of Internal Revenue (BIR) and FIRB 17 June 2022* Consolidated ABR per IPA (Annex D) Master List of All RBEs Availing Tax Incentives (Annex E) IPAs FIRB and BIR 30 January 2022 * This is due to the movement of the date for filing annual income tax returns from April 15 to April 18, as April 15 fell on Good Friday. The templates contain guidelines and definition of terms to assist the IPAs and RBEs in filling-out. For RBEs and OREs who have already submitted their ATIR and ABR using the older version of the reports to their respective IPAs and OGAs, they are still required to submit the reports using the new templates on the said deadline. All submissions to the FIRB shall be sent to the official email of the FIRB Monitoring and Evaluation Group (MEG),[emailprotected], on or before the set deadline. Your continued support and collaboration are highly appreciated. Very truly yours, (SGD.) JOSSEF ELEAZAR B. LACSON Deputy Executive Director Monitoring and Evaluation Group FIRB Secretariat