SEIPI asks lawmakers to reconsider FIRB cap
BusinessWorld January 12, 2021 | 12:32 am By Reporter AN ELECTRONICS exporters industry group is asking lawmakers to reconsider the potential cap on investments reviewed by investment promotions agencies (IPA). Under Senate Bill 1357 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, IPAs like the Philippine Economic Zone Authority will review investment projects valued at P1 billion or lower, while the Fiscal Incentives Review Board (FIRB) approves larger projects. Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI) President Dan...