In photo are BLGF OIC Executive Director Niño Raymond B. Alvina (third from right) in a handshake with BOI Director Domingo Bagaporo (fourth from left). They are joined by (from left to right): Ms. Ophelia O. Adad, BOI-IAS Investment Specialist, Mr. Ernesto C. Delos Reyes, Jr., BOI-IAS Aftercare Services Division, OIC Director Ma. Pamela P. Quizon, BLGF-Local Fiscal Policy Office, Ms Brenda L. Miranda, OIC Chief of BLGF’s Policy, Planning, Programming and Standards Division, and Ms. Aileen Macapagal, BOI-IAS Senior Investments Specialist.
The BLGF signed a memorandum of agreement with the Board of Investment (BOI) in November this year that will help BOI-registered firms in seeking local business tax (LBT) exemptions and other investment-related concerns. Under the MOA, the Bureau will provide BOI with copies of all relevant local finance and memorandum circulars, local tax and real property tax opinions and rulings on all matters dealing with local treasury and assessment operations at the provincial, city, and municipality level. In turn, the BOI will assist BLGF in the disseminating such information to all its clients. They shall also provide BLGF a list of all BOI registered enterprises for validation purposes, especially those requesting or issued with certification of local business tax exemption that needed information through proper channels and coordination.
This agreement further solidifies BLGF’s commitment in partnering with other agencies to promote ease of doing business in the country.