Republic Acts1 min read
Section 23Sec./Art. 23
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A new Section 297-A shall be introduced in the National Internal Revenue Code of 1997, as amended. The new Section 197-A shall read as follows:
"Section 297-A. Processing of Tax Incentives Applications. - The Fiscal Incentives Review Board and Investment Promotion Agencies shall issue a decision on applications for tax incentives within twenty (20) working days from the receipt of all required documents, in accordance with Section 9 of Republic Act No. 11032, otherwise known as 'Ease of Doing Business and Efficient Government Service Delivery Act of 2018'. An extension of the processing period may be permitted only once, and shall in no case exceed an additional twenty (20) working days."
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