ADVISORY

In view of the extension of the Enhanced Community Quarantine period until 15 May 2020
and the extension of the filing of documents and/or returns with the Bureau of Internal Revenue
(BIR) pursuant to BIR Revenue Regulations No. 11-2020 dated 29 April 2020, the Board of
Investments announces the following:

A. FOR ALL BOI-REGISTERED ENTERPRISES

1. Submission of Tax Incentives Management and Transparency Act (TIMTA)

Reports and Filing of Income Tax Holiday Application to the Incentives
Administration Service
REQUESTS PRESCRIBED DEADLINE EXTENSION
Annual Tax Incentives Within thirty (30) days from on or before 15 July 2020
Report (ATIR) under filing of the ITR with the BIR
TIMTA
Application for Income Pursuant to BOI BIR Statutory deadline for
Tax Holiday Incentive Memorandum Circular No. Annual eFiling/Filing and
2019-002, ITH applications ePayment/Payment is June
should be filed within thirty 14, 2020 per BIR RR No. 11-
(30) days from the date of 2020
filing of the annual ITR with
the BIR or from the last day ITH Applications should be
of extended deadline for the filed on or before 14 July
filing of the ITR. 2020.

ITH applications filed within Filing of ITH application

the 31st and 180th day of the
prescribed period shall be
meted a penalty. Further,
applications after 6 months
(180 days) shall result to
forfeiture of ITH for the
taxable year.
between July 15, 2020 and
December 11, 2020 shall be
meted a penalty.
 Penalty = Amount of ITH
x 1% but not less than
P500.00 nor more than
P2Million

Filing of ITH application on

December 12, 2020
onwards shall result to the
forfeiture of ITH for the
taxable year.

The BOI-registered enterprises may opt to submit TIMTA report during the ECQ period
to KHCo@boi.gov.ph.

2. Submission of Reportorial Requirements and Filing of Motion for

Reconsideration (MR) to the Legal and Compliance Service

Industry & Investments Building, 385 Sen. Gil J. Puyat Avenue, Makati City Philippines 1200
Trunkline: (+632) 897.6682 • Website: http://www.boi.gov.ph • Email: startup@boi.gov.ph
 REPORTS PRESCRIBED DEADLINE EXTENSION
BOOK I BOI-IPP REGISTERED ENTERPRISES
BOI Form S-1 (Annual Calendar Year – on or on or before 15 July 2020
Report on Actual before April 30
Operation) Fiscal Year – 4 months after on or before 30 July 2020
the end of Fiscal Year
Audited Financial Within thirty (30) days from on or before 30 July 2020
Statement (AFS) the date of eFiling with the
BIR
Income Tax Return Within thirty (30) days from on or before 30 July 2020
(ITR) the date of eFiling with the
BIR
Proof of Compliance On or before 25 March on or before 30 June 2020
with the 20%
Socialized Housing
Requirement for BOI-
registered Mass
Housing Projects
BOOK II FOREIGN INVESTMENTS ACT (FIA)
Annual Export May 30 of every year On or before 15 August
Performance Report 2020
with Audited Financial
Statement (AFS) and
Income Tax Return
(ITR)
BOOK III REGIONAL HEADQUARTERS AND REGIONAL OPERATING
HEADQUARTERS
SEC Certificate of Within thirty (30) days from If the prescribed deadline
Registration and Initial issuance of SEC falls within the ECQ period,
GIS and Inward registration. filing of GIS and Inward
Remittance Remittance will be extended
within thirty (30) days from
the lifting of the ECQ
Annual General Within thirty (30) days from If the prescribed deadline
Information Sheet and anniversary date of SEC falls within the ECQ period,
Inward Remittance registration. filing of Annual GIS and
Inward Remittance will be
extended within thirty (30)
days from the lifting of the
ECQ
Audited Financial 4 ½ months from end of On or before 30 July 2020
Statement (AFS) fiscal year or May 15
and/or Income Tax
Return (ITR)
RETAIL TRADE LIBERALIZATION ACT
BOI Report Form, GIS, On or before May 15 On or before 30 July 2020
AFS and ITR
MOTION FOR RECONSIDERATION (MR)
Motion for Within thirty (30) days from If the prescribed deadline
Reconsideration receipt of the Board decision falls within the ECQ period,
filing of MR will be extended
within ten (10) working days
from the lifting of the ECQ

Industry & Investments Building, 385 Sen. Gil J. Puyat Avenue, Makati City Philippines 1200
Trunkline: (+632) 897.6682 • Website: http://www.boi.gov.ph • Email: startup@boi.gov.ph
 BOI-registered enterprises may opt to submit reports during the ECQ period to
lcsecqperiodsubmission@boi.gov.ph.

For the Proof of Compliance with the 20% Socialized Housing Requirement, BOI-
registered Mass Housing Projects may submit through email to the concerned Legal
and Compliance Service Account Officer the following requirements, duly certified by
the authorized representative of the company, which shall be subject to verification at
a later date:

1. Socialized housing compliance project name and location;

2. Photos of the socialized housing compliance project;
3. Engineer’s Affidavit;
4. Number of fully constructed socialized housing units (SHUs) per BOI-registered
project;
5. Block and lot number of the SHUs.

BOI shall continue to monitor the COVID-19 situation and will advise resumption of
inspection once it is safe to do so.

B. FOR OTHER ENTERPRISES

1. Prospective Applicants

The submission and processing of applications for registration or accreditation are

suspended. However, applicants may opt to submit through EMAIL their applications
to the concerned BOI Services below for check listing and initial evaluation:

Service Director/OIC Email Address

Manufacturing Industries Evariste M. Cagatan EMCagatan@boi.gov.ph
Service
Infrastructure and Services Mary Ann E. Raganit MERaganit@boi.gov.ph
Industries Service
Resource-Based Raquel B. Echague RBEchague@boi.gov.ph
Industries
Service

The applicants will be notified of the deficiencies or any action taken on these email
submissions though EMAIL.

2. Enterprises with Pending Applications

a. For those already notified in writing of the approval of their projects prior to the
ECQ, the deadline for the submission of pre-registration requirements is extended
for fifteen (15) working days from the lifting of the ECQ.

b. For those whose applications that were officially received and are pending
evaluation, the same shall be processed upon the lifting of the ECQ. The prescribed
processing period of twenty (20) working days shall be reckoned from such date.

For guidance.

Industry & Investments Building, 385 Sen. Gil J. Puyat Avenue, Makati City Philippines 1200
Trunkline: (+632) 897.6682 • Website: http://www.boi.gov.ph • Email: startup@boi.gov.ph