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ACPAPP Tax Bulletin

ACPAPP Tax Bulletin No. 02-2023

This Tax Alert is issued to inform all concerned on the guidelines on the filing and payment of the annual income tax return (AITR) for the calendar year 2022.

On March 15, 2023, the Fiscal Incentives Review Board (FIRB) released Advisory 005-2023, which provides an extended period for Registered Business Enterprises (RBEs) in the Information Technology–Business Process Management (IT-BPM) sector, allowing them to move equipment and other assets outside the economic zone or freeport zone without being required to post any bond. This provision applies specifically to RBEs that have transferred their registration to the Board of Investments (BOI).

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Should you have any comments or questions arising from this publication,

please contact ACPAPP Secretariat.


ACPAPP is a united professional organization of CPAs in public practice that promotes professional excellence and ethical practice towards providing relevant services to the business world.

This communication contains general information only.

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