BIR Enhances Investor Support via INFA-Net Reforms

The Bureau of Internal Revenue (BIR) reaffirmed its commitment to improving the ease of doing business and attracting both local and foreign investments through its active role in the Investment Facilitation Network (INFA-Net), according to a recent statement by Commissioner Romeo D. Lumagui Jr.

INFA-Net is a coalition of 36 government agencies formed under a Memorandum of Agreement and further operationalized through a Joint Memorandum Circular (JMC), aligning with Executive Order No. 18, series of 2023.

“I have ordered all BIR offices to assist and prioritize all local and foreign investors, particularly strategic investment, under the Investment Facilitation Network,” Lumagui said. “This is in line with PBBM’s call to make the Philippines a top investment destination. The BIR will do its role in attracting investors. Nation-building requires both the public and private sector to work together, in harmony.”

Under the JMC, the BIR is responsible for expediting taxpayer registration for investments endorsed by the Board of Investments’ One-Stop Action Center for Strategic Investments (OSAC-SI).

The bureau is also tasked with streamlining procedures for permits and licenses tied to investment activities and adhering to response timelines set out in its Citizen’s Charter.

To support seamless coordination, the BIR will monitor and record investment-related issues, follow up on pending matters, and maintain a database of frequently asked questions.

It will submit monthly updates to the BOI on strategic investment applications and progress reports on JMC implementation.

A designated focal person will ensure effective communication with INFA-Net member agencies.

The BIR will also provide OSAC-SI with training modules, technical support, and other facilitation services to improve investor support mechanisms.

The agency emphasized that a well-coordinated investment facilitation framework is crucial for sustaining investor trust and making the Philippine economy more competitive.