Global Trade Alert
Global Trade Alert

Philippines: FIRB grants tax incentives to four telecommunications providers

Announcement

25 May 2022

In May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) provided tax incentives for four telecommunication service providers.

Source

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

25 May 2022

Revocation date:

No revocation date

Last action: 25 May 2022
Tax or social insurance relief In force
On 3 August 2021, the Fiscal Incentives Review Board of the Philippines (FIRB) granted a tax concession to four telecommunication service providers in the form of import duty exemptions on capital equ...
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Implementation date

25 May 2022

Revocation date:

No revocation date

Last action: 25 May 2022
Import tariff In force
On 25 May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) approved import duty exemptions on capital equipment and raw materials for the following four Philippines-based telecommuni...
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Implementation date

25 May 2022

Revocation date:

24 May 2026

Last action: 25 May 2022
Tax or social insurance relief
On 25 May 2022, the Fiscal Incentives Review Board of the Philippines (FIRB) approved a four-year corporate income tax (CIT) exemption for the following four telecommunication service providers: Conv...
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Published: 04 Sep 2024

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