Special InTAX: November 2022 Issue 1 | Volume 2

Philippine Economic Zone Authority

The Philippine Economic Zone Authority (PEZA) issued PEZA Memorandum Circular (MC) No. 2022-077, dated 24 October 2022, a supplemental guide on the processing of registration with the Board of Investments (BOI) of existing Registered Business Enterprises (RBEs) in the Information Technology-Business Process Management (IT-BPM) sector under DTI MC No. 22-19.

The MC provides that all application forms, which can be downloaded from the PEZA website (including the attachments identified under PEZA MC No. 2022-067), shall be submitted through email at itbpm.transfer@peza.gov.ph on or before 16 December 2022. Those who have already submitted their applications to the Office of the Director General (ODG) are required to re-submit their applications as hard copies will no longer be accepted.

PEZA will provide the RBEs its endorsement to BOI via email and only upon receipt thereof, the RBEs may pay the applicable fees to the BOI. The date indicated in the Official Receipt shall be the date of the effectivity of registration with the BOI.

The BOI will issue the Certificate of Registration (COR) of the RBE on a per project/activity, and not per enterprise, and a copy of which shall be subsequently submitted to PEZA (Office of the Board Secretary at obs@peza.gov.ph) for annotation in the PEZA COR.

The MC also provides other post-registration compliance requirements which RBEs must comply within 30 days from issuance of the BOI COR. The RBEs must continue to submit the monthly reportorial requirements with PEZA for monitoring purposes.

Here is the link to the full text of the issuance: PEZA MC No. 2022-070