Revenue Memorandum Circular · RMC

RMC No. 136-2022

To publish FIRB Resolution No. 026-2022 extending the 70:30 Work-From-Home arrangement for RBEs in the IT-BPM sector from September 13, 2022 until December 31, 2022, and to lay down guidelines for the transfer of registration of affected RBEs to the BOI.

Bureau of Internal RevenueIndependent research copy

Document type: RMC
Number: 136
Year: 2022
Text quality: Not specified

Document text

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This circular publishes FIRB Resolution No. 026-2022, extending the 70:30 work-from-home arrangement for registered business enterprises (RBEs) in the IT-BPM sector from September 13, 2022 until December 31, 2022. RBEs using WFH must comply with all conditions in FIRB Resolutions Nos. 19-21, 017-22 and relevant issuances. Alternatively, affected IT-BPM RBEs may transfer their registration from the investment promotion agency (IPA) administering their economic zone or freeport zone to the Board of Investments (BOI) until December 31, 2022 and adopt up to 100% WFH, but the concerned IPA retains monitoring of compliance and of the remaining incentives. After the remaining incentives lapse, transferee RBEs are not entitled to additional incentives, though they may apply again if the activity is listed in the Strategic Investment Priority Plan and there is new investment or qualified expansion.