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AAC Tax Code.

The National Internal Revenue Code of 1997 as it currently stands — consolidated by the firm to carry the TRAIN Law, the CREATE Act, the Ease of Paying Taxes Act, the VAT on Digital Services Act, CREATE MORE, the CMEPA and the amendatory laws in force to 1 August 2026, with a footnote at every provision naming the law that changed it.

Text current as at 1 August 2026. This is an unofficial consolidation prepared by the firm and not the official text of the Code. Repealed provisions are kept, struck through, so that references in earlier records stay traceable.
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The printed edition runs to 240 pages and carries the same text, footnotes and references as the browser below. Every section here shows the page it sits on in that PDF, so a citation taken from the screen matches the one taken from the book.

TITLE XIII — TAX INCENTIVES › CHAPTER I. GENERAL PROVISIONS ON TAX INCENTIVES

SEC. 292. Extent of Authority to Grant Tax Incentives

Page 189 of the PDF edition

The Fiscal Incentives Review Board or the Investment Promotion Agency, shall grant the appropriate tax incentives provided in this Title to RBEs only to the extent of their approved registered project or activity under the Strategic Investment Priority Plan (SIPP), taking into consideration the infusion of investment capital, generation of direct local employment which takes into account Republic Act No. 11962, otherwise known as the ‘Trabaho Para sa Bayan Act’, and other standard and project-specific performance metrics of the registered project or activity that may be imposed by the Fiscal Incentives Review Board or the concerned Investment Promotion Agency.

Amendment notes

  1. CREATE MORE Act (RA 12066), sec. 15, approved 8 November 2024 — amended. It replaced the reference to “registered business enterprises” with “RBEs”, and added the requirement that the granting body take into account the infusion of investment capital, the generation of direct local employment by reference to Republic Act No. 11962, and standard and project-specific performance metrics.
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