Circulating the Designation of DOF Undersecretary Maria Cielo D. Magno as Chairperson of the FIRB Technical Committee (FIRB-TC)

November 8, 2022 FIRB ADVISORY NO. 009-2022 FOR : The Members of the FIRB (Board Proper),Designated Members of the FIRB Technical Committee, All Investment Promotion Agencies (IPAs),Registered Business Enterprises (RBEs),National Government Agencies (NGAs),Government-Owned or -Controlled Corporations (GOCCs),Government Financial Institutions (GFIs),and Others Concerned SUBJECT : Circulating the Designation of DOF Undersecretary Maria Cielo D. Magno as Chairperson of the FIRB Technical Committee (FIRB-TC) For the guidance of all concerned, please be informed of the designation of Finance Undersecretary Maria Cielo D. Magno as Chairperson of the FIRB-TC vice Atty. Antonette C. Tionko, pursuant to the attached Department of Finance (DOF) Department Personnel Order No. 400.2022 dated 03 November 2022. Section 298 of the National Internal Revenue Code of 1997, as amended by the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, provides that an Undersecretary of Finance shall serve as the Chairperson of the FIRB-TC. 1 Hence, may we request all pertinent communications for the FIRB-TC be coursed to Undersecretary Magno's office (copy furnished the FIRB Secretariat) as follows: MARIA CIELO D. MAGNO Undersecretary of Finance Chairperson of the FIRB Technical Committee 6/F DOF Building, BSP Complex Roxas Blvd. cor. P. Ocampo St.,1004 Manila cc: JUVY C. DANOFRATA Assistant Secretary of Finance Head of the FIRB Secretariat Thank you. (SGD.) JUVY C. DANOFRATA Assistant Secretary of Finance and Head of the FIRB Secretariat ATTACHMENT DEPARTMENT OF FINANCE DEPARTMENT PERSONNEL ORDER NO. 400.2022 In the interest of service and in order to ensure continuity in the efficient performance of the Fiscal Incentives Review Board (FIRB) mandate, Undersecretary CIELO D. MAGNO ,shall be designated to perform the duties and responsibilities of the Chairperson of the FIRB Technical Committee . This Order shall be deemed revoked upon designation of another official by the undersigned for the above position. All orders and other issuances inconsistent herewith are hereby revoked and/or amended accordingly. This Order shall take effect immediately. (SGD.) BENJAMIN E. DIOKNO Secretary November 3, 2022 Footnotes 1. As the Board's main support unit, the FIRB-TC is tasked, among others, (1) to review the FIRB Secretariat's evaluation on applications for tax incentives or tax subsidies and other pertinent matters submitted to it by the Secretariat; (2) to recommend to the Board the approval, disapproval, suspension, or withdrawal of tax incentives or tax subsidies; (3) to assist the Board in the effective discharge of its functions and recommend other policies and measures deemed necessary to carry out the objectives of the CREATE Act; (4) to perform functions as may be assigned or delegated to it by the Board; and (5) to perform necessary and incidental functions.