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FIRB approves P21B agency tax holidays
Manila Bulletin
|June 9, 2025
The Fiscal Incentives Review Board (FIRB) has approved nearly P21 billion in tax subsidies requested by 10 government institutions, exempting these agencies from paying taxes and duties.
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As of May 21, the FIRB, chaired by Finance Secretary Ralph G. Recto, has approved P20.9 billion in tax subsidy applications for the fiscal years (FY) 2024 and 2025. The Department of Finance (DOF) stated that these approvals aim to make public services "more accessible and efficient for Filipinos."
Recto also said that this decision aligns with President Ferdinand Marcos Jr.'s "commitment to delivering more responsive public services." He added, "This tax subsidy will help to expedite and expand the services of government agencies for the people."
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