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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 Repealed provisions are kept, struck through, so that references in earlier records stay traceable.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 III. THE FISCAL INCENTIVES REVIEW BOARD

SEC. 298. Composition of the Fiscal Incentives Review Board

Page 205 of the PDF edition

The Fiscal Incentives Review Board shall be reconstituted as follows:

Chairperson-Secretary of Finance

Co-Chairperson -Secretary of Trade and Industry

Members-Executive Secretary of the Office of the President

-Secretary of Budget and Management

-Director General of the National Economic and Development Authority

The Board shall have a technical committee, which shall serve as its main support unit and perform functions as may be assigned, and shall be composed of the following:

Chairperson-Undersecretary of Finance

Members-Undersecretary or Assistant Secretary of the Office of the Executive Secretary

-Undersecretary of Trade and Industry and Board of Investments Managing Head or Assistant Secretary of Trade and Industry

-Undersecretary or Assistant Secretary of Budget and Management

-Deputy or Assistant Director General of the National Economic and Development Authority

-Commissioner or Deputy Commissioner of Internal Revenue

-Commissioner or Deputy Commissioner of Customs

-Commissioner of the Philippine Competition Commission Director General or Chairperson or Administrator of the Investment Promotion Agencies: Provided, That the participation of the Investment Promotion Agency representative in deliberations and decision-making processes of the technical committee shall be limited to the matters concerning their Investment Promotion Agency

Secretariat-The secretariat shall be headed by an Assistant Secretary of Finance and shall be staffed by the National Tax Research Center

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