List of projects granted with tax incentives by the Fiscal Incentives Review Board (FIRB)

From 30 June 2022 to 28 July 2023

Projected Amount of
Date approved Investment capital
No. Company Name Sector Project Location Tax incentives granted Employment Incentives / Revenue
by the FIRB (in PHP)
Forgone (in PHP)
1 ePLDT, Inc. Data center September 14, 2022 Makati, Metro Manila a. 3 years ITH 4,065,750,000.00 35 933,400,953.53
b. 5 years ED
c. 8 years duty exemption on
importation
2 Eagle Cement Manufacturing September 14, 2022 Brgy. Akle, San Ildefonso, a. 2 years ITH 2,053,189,889.00 112 643,711,804.39
Corporation (ECC) Bulacan b. 5 years ED
c. 11 years duty exemption on
importation
3 TDK Philippines Manufacturing November 29, 2022 Binan, Laguna a. 5 years ITH 2,500,000,000.00 414 467,295,916.57
Corporation (TPC) b. 10 years SCIT in lieu of all national
and local taxes
c. 15 years VAT zero-rating on local
purchases and VAT exemption on
importation
d. 15 years duty exemption on
importation
4 EcoSouth Hotel Ventures, Tourism January 6, 2023 Santa Rosa, Laguna a. 5 years ITH 1,423,499,347.00 117 91,506,006.85
Inc. b. 5 years ED
c. 10 years duty exemption on
importation
5 CCLI Premier Hotels, Inc. Tourism January 6, 2023 Brgy. Bata, Lacson Street, a. 6 years ITH 1,358,417,574.25 141 100,304,506.01
(CCLI) Bacolod City b. 5 years ED
c. 11 years duty exemption on
importation
6 Unity Digital Infrastructure January 6, 2023 Multiple a. 4 years ITH 147,493,762,771.00 101 1,097,277,980.21
Infrastructure, Inc. (UDII) (including b. 5 years ED
telecommunication c. 11 years duty exemption on
infrastructure) importation
7 LBS Digital Infrastructure Infrastructure January 6, 2023 Multiple a. 4 years ITH 36,069,446,000.00 270 1,392,231,098.85
Corporation (LDIC) (including b. 5 years ED
telecommunication c.11 years duty exemption on
infrastructure) importation
8 Shimano Philippines Inc. Manufacturing February 17, 2023 Tanauan City, Batangas a. 3 years ITH 1,317,431,709.78 210 700,820,286.71
(SPI) b. 10 years of 5% SCIT
c. 13 years of VAT zero rating on local
purchases
d. 13 years VAT exemption on the
importation
List of projects granted with tax incentives by the Fiscal Incentives Review Board (FIRB)
From 30 June 2022 to 28 July 2023

Projected Amount of
Date approved Investment capital
No. Company Name Sector Project Location Tax incentives granted Employment Incentives / Revenue
by the FIRB (in PHP)
Forgone (in PHP)
9 Asia Pacific Medical Hospital February 17, 2023 Brgy. Ungka, Jaro, Iloilo a. 6 years ITH 2,643,308,906.00 830 527,768,431.20
Centre-Iloilo Inc. (APMC) City b. 5 years ED
c. 11 years duty exemption on
importation
10 San Miguel Foods, Inc. Manufacturing February 17, 2023 Echague, Isabela a. 6 years ITH 2,536,712,304.00 33 700,820,286.71
(SMFI) b. 5 years ED
c. 11 years duty exemption on
importation
11 Evolution Data Centres Data center February 17, 2023 General Trias Cavite a. 6 years ITH 9,690,788,465.00 27 1,332,132,507.93
Philippines Inc. b. 5 years ED
c. 11 years duty exemption on
importation
12 Digital Edge Philippines, Data center February 17, 2023 Binan, Laguna a. 5 years ITH 5,385,480,489.00 37 324,103,200.65
Inc. b. 5 years ED
c. 10 years duty exemption on
importation
13 Raemulan Lands, Inc. Mass housing February 17, 2023 Naic, Cavite a. 3 years ITH 4,498,791,945.00 244 227,782,601.65
b. 3 years duty exemption on
importation
14 Enovate Motors Energy March 30, 2023 Nationwide a. 2 years ITH 16,015,752,572.39 32 1,738,769,968.14
Corporation b. 5 years ED
c. 2 years duty exemption on
importation
15 Century Summit Carrier, Energy March 30, 2023 Nationwide a. 2 years ITH 15,828,492,471.04 10,023 2,337,165,966.12
Inc. b. 5 years ED
c. 2 years duty exemption on
importation
16 Century Peak Energy Energy March 30, 2023 Various parts of National a. 4 years ITH 7,575,738,226.31 61 1,556,335,838.56
Corporation Capital Region (NCR) and b. 5 years ED
nearby provinces c. 9 years duty exemption on
importation
17 Therma Marine, Inc. Energy March 30, 2023 Brgy. San Roque, Maco, a. 5 years ITH 2,247,477,322.00 55 121,448,209.50
Davao de Oro b. 5 years ED
c. 10 years duty exemption on
importation
List of projects granted with tax incentives by the Fiscal Incentives Review Board (FIRB)
From 30 June 2022 to 28 July 2023

Projected Amount of
Date approved Investment capital
No. Company Name Sector Project Location Tax incentives granted Employment Incentives / Revenue
by the FIRB (in PHP)
Forgone (in PHP)
18 Universal Robina Manufacturing March 30, 2023 Sariaya, Quezon a. 6 years ITH 5,693,495,443.00 79 865,311,578.20
Corporation b. 5 years ED
c. 11 years duty exemption on
importation
19 Unilever Philippines, Inc. Manufacturing March 30, 2023 General Trias, Cavite a. 6 years ITH 4,769,116,863.00 130 9,411,617,636.12
b. 5 years ED
c. 11 years duty exemption on
importation
20 Shin-Etsu Magnetics Manufacturing March 30, 2023 Malvar, Batangas a. 6 years ITH 3,935,884,617.34 3,935 522,121,185.02
Philippines, Inc. b. 10 years SCIT
c. 16 years of VAT zero rating on local
purchases
d. 16 years VAT exemption on the
importation
21 Ohtsuka Poly-Tech Manufacturing April 24, 2023 Malvar, Batangas a. 6 years ITH 1,063,300,000.00 379 518,542,228.79
(Philippines), Inc. b. 10 years of SCIT
c. 16 years of VAT zero rating on local
purchases
d. 16 years VAT exemption on the
importation
22 HEAD Philippines Branch Manufacturing April 24, 2023 Panabo City, Davao Del a. 5 years ITH 1,801,935,602.00 800 698,175,717.10
Office Corporation Norte b. 10 years of SCIT
c. 15 years of VAT zero rating on local
purchases
d. 15 years VAT exemption on the
importation
23 ING Business Shared IT-BPM April 24, 2023 Makati City a. 4 years ITH 1,421,371,564.00 2,971 1,117,784,230.76
Services B.V. Branch b. 10 years of SCIT
Office c. 14 years of VAT zero rating on local
purchases
d. 14 years VAT exemption on the
importation
24 Sumi North-Philippines Manufacturing May 26, 2023 Binaloan, Pangasinan a. 6 years ITH 2,358,528,000.00 3,287 1,848,486,232.47
Wiring Systems b. 10 years SCIT
Corporation c. 16 years of VAT zero rating on local
purchases
d. 16 years VAT exemption on the
importation
List of projects granted with tax incentives by the Fiscal Incentives Review Board (FIRB)
From 30 June 2022 to 28 July 2023

Projected Amount of
Date approved Investment capital
No. Company Name Sector Project Location Tax incentives granted Employment Incentives / Revenue
by the FIRB (in PHP)
Forgone (in PHP)
25 Nidec Subic Philippines Manufacturing May 26, 2023 Subic Bay Freeport Zone a. 6 years ITH 4,200,000,000.00 294 699,370,983.88
Corporation (NIDEC) b. 10 years SCIT
c. 16 years of VAT zero rating on local
purchases
d. 16 years VAT exemption on the
importation
Total 287,947,672,081.11 24,617 29,974,285,355.92