FIRB Administrative Order No. 003-2023

March 17, 2023 PEZA MEMORANDUM CIRCULAR NO. 2023-018 TO : All Concerned ITBPM Registered Business Enterprises (RBEs) All Zone Administrators/Zone Managers/Officers-in-Charge SUBJECT : FIRB Administrative Order No. 003-2023 Please be informed that the Fiscal Incentives Review Board (FIRB) issued Administrative Order (AO) No. 003-2023 dated 16 March 2023 for the amended guidelines on the Tax Exemption Indorsement (TEI) requirement under FIRB AO No. 001-2023. The AO provides that: HTcADC "Effectively, the TEI shall no longer be required for VAT exempt and/or duty exempt importation that are or will be permanently stationed within, or that will be fully utilized or consumed within the economic zones and/or freeport zones. The TEI shall only be secured for VAT exempt and/or duty exempt importation that will be moved out of or are currently outside the economic zones and/or freeport zones." The PEZA transferee RBEs shall comply with the standard procedures for importation and movement of goods. An Import Permit (IP) lodged thru the PEZA electronic Import Permit System (eIPS) shall indicate an annotation that the "TEI shall be secured in the event that the imported goods under this permit will be moved out of the economic zone." The amended guidelines also provide that in case there is an urgent need to move assets out of the economic zones during the pendency of the blanket TEI application, the covered RBEs may, after the lapse of the bond-free transition period for existing assets or starting 01 February 2023 for new assets, lodge with the Bureau of Customs (BOC) a Provisional Goods Declaration (PGD) and secure a specific bond thereon, for purposes of moving the goods or assets out of the economic zones, subject to the provisions of Customs Administrative Order No. 02-2021 and other related issuances of the BOC. Attached hereto is a copy of FIRB AO No. 003-2023 for reference. For your information and guidance. (SGD.) TERESO O. PANGA Officer-in-Charge of the Authority and Deputy Director General for Policy and Planning ATTACHMENT FIRB Administrative Order No. 003-2023 March 16, 2023