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THE Cabinet-level Fiscal Incentives Review Board (FIRB) has flagged the “low utilization rate” of its online registration and incentives application portal for investors or enterprises, as well as limited awareness on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law among stakeholders. As of February 14, only 45 accounts…
THE Cabinet-level Fiscal Incentives Review Board (FIRB) approved tax incentives for Trans-Asia Shipping Lines Inc. (Tasli), a company owned by Dennis Uy’s Chelsea Logistics Corp. In a statement last Tuesday, the Department of Finance (DOF) reported that the tax incentives approved by the FIRB chaired by Finance Secretary Carlos G.…