Submission of Certificate of Entitlement to Incentives (CETI) as attachment to Registered Business Enterprise’s annual ITR

Submission of Certificate of Entitlement to Incentives (CETI) as attachment to Registered Business Enterprise’s annual ITR

(Revenue Memorandum Circular No. 28-2022 issued on March 16, 2022)

This Tax Alert is issued to inform all concerned on the submission of Certificate of Entitlement to Tax Incentives (CETI) in lieu of the former Certificate for Entitle to Income Tax Holiday (ITH) to the Bureau of Internal Revenue (BIR).

Pursuant to the IRR of the CREATE Law, all RBEs shall apply for a CETI with their concerned IPA prior to the filing of annual income tax return (AITR). The CETI is a requirement for all RBEs to avail of the ITH or preferential rate granted by CREATE law.

The CETI shall be submitted as attachment to RBE’s AITR.