Bureau of Local Government Finance (BLGF) Exemption of BOI-Registered Companies from Business Tax/Fee
Dear Valued Members,
For your guidance and reference, we forward the memorandum circular issued by BLGF reminding all LGUs on the exemption of BOI registered firms from paying Local Business Tax (LBT) during their ITH entitlement period (letter C). This is a result of a MOA signed between BOI and BLGF last Nov. 27, 2018. This will now address the long and common issue raised by BOI registered firms on LBT.
This circular is the product of the hardwork of the BOI Investor Aftercare Service under Director Domingo Bagaporo.
Thank you and we wish everyone a prosperous and productive 2018 !