Publishing the Full Text of FIRB Advisory No. 006-2023 Regarding Clarifications on Supplemental Guidelines on Registration with BOI of RBEs in the IT-BPM Sector

April 19, 2023 REVENUE MEMORANDUM CIRCULAR NO. 46-2023 SUBJECT : Publishing the Full Text of Fiscal Incentives Review Board (FIRB) Advisory No. 006-2023 Regarding Clarifications on the Supplemental Guidelines on the Registration with the Board of Investments (BOI) of Registered Business Enterprises (RBEs) in the Information Technology-Business Process Management (IT-BPM) Sector TO : All Internal Revenue Officials, Employees and Others Concerned For the information and guidance of all internal revenue officers, employees and others concerned, attached is the FIRB Advisory No. 006-2023 dated 05 April 2023, in a question and answer format, which further clarifies the issues covering the transfer of registration with the BOI of RBEs in the IT-BPM sector. This is in view of the issuance of the FIRB Administrative Order No. 001-2023 prescribing the supplemental guidelines to operationalize FIRB Resolution Nos. 026-22 and 033-22 dated 14 September 2022 and 23 December 2022, respectively. HTcADC Discussed in the abovementioned advisory, among others, are: (1) the policies and guidelines on the movement of capital equipment and other assets within and outside the economic zones and/or Freeport zones and, (2) concerns on expansion projects under Philippine Economic Zone Authority (PEZA). All concerned are hereby enjoined to be guided accordingly and give this Circular as wide a publicity as possible. (SGD.) ROMEO D. LUMAGUI, JR. Commissioner of Internal Revenue ATTACHMENT FIRB Advisory No. 006-2023 April 5, 2023