Revenue Memorandum Circular (RMC) No. 23-2022


The Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) No. 23-2022 on March 9, 2022 on the Suspension of the lncome Tax lncentives Granted to Registered Business Enterprises (RBEs) for Violating the Work-From-Home (WFH) Threshold as Prescribed by the Fiscal Incentives Review Board (FIRB).

The Circular covers all RBEs in the IT-BPM sector who opted to continue work-from-home (WFH) arrangements amidst COVID-19 pandemic. It shall take effect immediately until March 31, 2022 pursuant to FIRB Resolution No. 19-2021.

Please refer to the full text of the above-mentioned circular as attached