PEZA Reiterates CETI Application Process

On 13 April 2023, the Philippine Economic Zone Authority (“PEZA”) issued Memorandum Circular No. 2023-05 to inform the Registered Business Enterprises (“RBEs”) that the Fiscal Incentives Registration and Monitoring System (“FIRMS”) database of PEZA RBEs has not yet been completed. Thus, all requests or applications for Certificate of Entitlement to Tax Incentives (“CETI”) should still be filed with PEZA through the Office of the Director General, odg@peza.gov.ph until such time that a system generated CETI can be issued thru FIRMS.

RBEs that have successfully lodged their CETI application through FIRMS are advised to refile their application with PEZA and refer to PEZA MC No. 2022-025 for the procedure for the filing of application for the issuance of CETI.

The PEZA also mentioned that as provided in Bureau of Internal Revenue – Revenue Memorandum Circular No. 155-2022 dated 27 December 2022, CETIs manually issued by the Information Promotion Agencies shall still be accepted as an attachment to the Annual Income Tax Return to be filed by the RBEs as proof of entitlement to income tax incentives.