Circulating the Designation of DOF Undersecretary Bayani H. Agabin as Chairperson of the FIRB Technical Committee (FIRB-TC)

September 12, 2023 FIRB ADVISORY NO. 015-2023 FOR : The Members of the Fiscal Incentives Review Board (FIRB), 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), and Government Financial Institutions (GFIs) Availing Tax Subsidies, and Others Concerned SUBJECT : Circulating the Designation of DOF Undersecretary Bayani H. Agabin as Chairperson of the FIRB Technical Committee (FIRB-TC) For the guidance of all concerned, please be informed of the designation of Finance Undersecretary Bayani H. Agabin as Chairperson of the FIRB-TC vice Ms. Maria Cielo D. Magno, pursuant to the attached Department of Finance (DOF) Department Personnel Order No. 370.2023 dated 11 September 2023. CAIHTE 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 Agabin's office (copy furnished the FIRB Secretariat) as follows: BAYANI H. AGABIN 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 Head of the FIRB Secretariat ATTACHMENT DOF Department Personnel Order No. 370-2023 September 11, 2023 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.