Publishing the Full Text of DTI MC No. 22-19, s. 2022 Prescribing the Guidelines on Registration with BOI of Existing RBEs in the IT-BPM Sector

November 2, 2022 REVENUE MEMORANDUM CIRCULAR NO. 142-2022 SUBJECT : Publishing the Full Text of Department of Trade and Industry (DTI) Memorandum Circular (MC) No. 22-19, s. 2022 Prescribing the Guidelines on the Registration with the Board of Investments (BOI) of Existing Registered Business Enterprises (RBEs) in the Information Technology-Business Process Management (IT-BPM) Sector TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all internal revenue officers, employees and others concerned, attached is the DTI MC No. 22-19, s. 2022 dated October 18, 2022 prescribing the guidelines on the transfer of RBEs in the IT-BPM sector from their concerned Investment Promotion Agency administering economic or Freeport zone to BOI. This is in view of the Fiscal Incentives Review Board Resolution No. 026-22 dated September 14, 2022 which allows RBEs in the IT-BPM sector to transfer their registration to BOI to implement up to one hundred percent (100%) work-from-home (WFH) arrangements without their tax incentives being adversely affected. All concerned are hereby enjoined to be guided accordingly and give this Circular as wide a publicity as possible. (SGD.) LILIA CATRIS GUILLERMO Commissioner of Internal Revenue ATTACHMENT DTI Memorandum Circular No. 22-19 October 18, 2022