ABCDEFGHIJKLMNOPQRSTUVWXYZAAABACADAEAFAGAHAIAJ
1
TABLE 44. - MAGNITUDE OF TAX SUBSIDY GRANTED BY THE FISCAL INCENTIVES REVIEW BOARD (FIRB) UNDER THE TAX EXPENDITURE FUND, BY RECIPIENT*
Preliminary, subject to change (as of 24 April 2024)
2
CY 1988 - 2022
3
(In Million Pesos)
4
5
PARTICULARS19881989199019911992199319941995199619971998a/1999200020012002b/2003200420052006200720082009201020112012201320142015c/2016201720182019202020212022
6
7
AFP Commissary and Exchange Service (AFPCES) and PC/INPSSS
 - 505533.4123.82181.5 162 174 285 308 - - - - 88 98 169 307 240 397 376 429 90 259 364 395 358 382 335 331 1,771 449 322 368 345
8
Bangko Sentral ng Pilipinas (BSP) - 170.5 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9
Bases Conversion Development Authority (BCDA) - - - - - - - - - - - - - - - - - 808 3,311 3,655 2,609 2,920 690 - - - - - - - - - - - -
10
Bureau of Customs (BOC) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4,344 - -
11
Bureau of Treasury Doc. Stamp Tax (BTr)185.45330 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12
Cultural Center of the Philippines (CCP) - - - - - - - - - - - - - - - - - - - 1 1 - - - - - - - - - - - - - -
13
Department of Interior and Local Government (DILG) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2 -
14
Development Academy of the Philippines (DAP) - - - - 0.98 - 1 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
15
Duty-Free Philippines Corporation (DFPC) - - - - - - - - - - - - - - - - - - - - - - - - - - - 691 - - - - - - -
16
Export Processing Zone Authority(EPZA)/PEZA - - - 704339.7 20 33 32 15 - - - - - - - - - - - - - - - - - - - - - - - - -
17
Fertilizer and Pesticide Authority (FPA) - 9832461899133160.1 65 100 - - - - - - - - - - - - - - - - - - - - - - - - - - -
18
Food Development Center (FDC) - 65.5 - - - - - - - - - - - - - - - - - - - - - - - - - - - -
19
Food Terminal Incorporated (FTI) - - - - - - - - - - - - - - - - - - - - - - 41 - - - - - - - - - - - -
20
Government Service Insurance System (GSIS) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 389 235 6 678
21
Home Development Mutual Fund (HDMF)150247178.9206.4453.47208.61 339 471 584 - - 1,726 898 753 - - - - - 465 1,954 1,697 - - - - - - - - - - - - -
22
Intercontinental Broadcasting Corporation 13 (IBC-13) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 120 118 -
23
Light Rail Transit Authority (LRTA)26.9 - 32.12639.3344.9 78 40 48 83 - 181 - - 1,386 732 117 29 1,022 111 41 24 - - - - - - - - - - - - -
24
Land Bank of the Philippines (LBP) - - - - - - - - - 0.3 - - - - - - - - - - - - - - - - - - - - - - - - -
25
Leyte Metropolitan Water District (LMWD) - - - - - - - - - 1 - - - - - - - - - - - - - - - - - - - - - - - - -
26
Local Water Utilities Administration (LWUA) - - 4.92.5 - - - - - - - - - - - - - - - - - - - - - - - - - -
27
Lung Center of the Philippines (LCP) - - - - 0.311.75 6 3 2 2 - - - - - - 1 - - - - - - - - - - - - - - - - - -
28
Metro. Waterworks and Sewerage System (MWSS) - 121.458.696.7235108.2 33 23 - 150 - - - - - - - - - - - - - - - - - - - - - - - - -
29
Metro Manila Transit Corporation (MMTC) - 10.22 - - - - - - - 60 - - - - - - - - - - - - - - - - - - - - - - - - -
30
Millennium Challenge Account-Philippines (MCA-P) - - - - - - - - - - - - - - - - - - - - - - - 12 118 421 151 600 - - - - - - -
31
National Agri-Business Corporation (NABCOR) - - - - - - - 49 49 7 - - - - - - - - - - - - - - - - - - - - - - - - -
32
National Dairy Authority (NDA) - - - - - - - - - - - - - - - - - 10 - - - - - - - - - - - - - - - - -
33
National Electrification Administration (NEA)46 - 124319977782.2 520 110 75 48 - - - - - - - - - - - - - - - - - - - - - 12 - - -
34
National Irrigation Administration (NIA) - - 27.98 - - - - - - - - - - - - - - - - - - - - - - - - - - -
35
National Food Authority (NFA)385.62 - - - - - - 1 - - - 13,088 - 1,848 - - 7,732 10,650 6,126 16,874 38,443 20,471 30,335 6,689 5,391 1,303 10,997 9,469 6,397 1,452 4,333 5,981 - - -
36
National Kidney and Transplant Institute (NKTI) - - 6.65.43.567.7 17 5 3 1 - - 9 4 6 6 3 11 0.1 7 3 0.1 0.1 - 0.1 - - - - - - - - - -
37
National Post Harvest Institute for Research & Extension (NPHIRE)
 - - 0.1 - - - - - - - - - - - - - - - - - - - - - - - - - - -
38
North Luzon Railways Corporation (NorthRail) - - - - - - - - - - - - - - - - - - 1,178 2,663 212 375 399 - - - - - - - - - - - -
39
National Tobacco Administration (NTA) - - - - - - - - - - - - - - - - - - - 4 1 1 - - - - - - - - - - - - -
40
National Power Corporation (NPC) - - - - - - - - - - - - - - - - - - - - - 8,916 - 7,468 - - - - - - - - - - -
41
National Sugar Refineries Corporation (NASUREFCO) - - - - - - - 243 - - - - - - - - - - - - - - - - - - - - - - - - - - -
42
National Transmission Corporation (NTC) - - - - - - - - - - - - - - - - - - - - - - - - 864 - - - - - - - - - -
43
People’s Television Network, Inc. (PTNI) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 455 - -
44
Philippine Aerospace Development Corp. (PADC) - 10.410.7 - - - - - - 0.3 - - - - - - - - - - - - - - - - - - - - - - - - -
45
Philippine Charity Sweepstakes Office (PCSO) - - - - - - - 54 - 245 - - - - - - - - - - - - - - - - - - - - - - - - -
46
Philippine Children's Medical Center (PCMC) - - - - 0.534.1 4 1 1 - - - - - - - - - - - - - - - - - - - - - - - - - -
47
Philippine Coconut Authority (PCA) - - - - - - - - - 1 - - - - - - - - - - - - - - - - - - - - - - - - -
48
Philippine Crop Insurance Corporation (PCC)17.2 - 16.120.2920.9210.1 17 9 9 17 - - - - - - - - - - - - - - - - - - - - - - - - -
49
Philippine Deposit Insurance Corporation (PDIC) - - - - - - - - - - - - - - - - - - - - - 4,153 4,379 4,208 4,320 5,115 3,767 - - - 1,446 3,025 3,285 3,561 3,843
50
Philippine Genetics, Inc. (PGI) - - - 3.3713.7413 11 8 12 13 - - - - - - - - - - - - - - - - - - - - - - - - -
51
Philippine Heart Center (PHC) - - 52.623.437.2526.8 31 30 19 12 - 5 20 11 15 10 8 9 9 16 6 6 3 1 0.2 - - - - - - - - - -
52
Philippine Information Agency (PIA) - - - - - - - - - - - - - - 83 153 117 - - - - - - - - - - - - - - - - - -
53
Philippine Postal Corporation (PhilPost) - - - - - - - - - - - - - - - - - - 1,334 414 244 278 281 296 300 357 323 - 332 - - - - - -
54
Philippine National Police Service Store System (PNPSSS) - - 3028.528.535 35 44 42 74 - - - - - - - 9 18 21 81 213 121 59 55 - - - - - - - - - -
55
Philippine National Railways (PNR) - - 50.512.3237.0433.7 20 32 108 31 - - - - - - - - - 520 43 105 20 292 - - - 3 - - - - 113 - 202
56
Philippine Rice Research Institute (PhilRice) - - 48.734.832.110.96 5 2 1 - - - - - - - - - - - - - - - - - - - - - - - - - -
57
Procurement Service Post Exchange Marts (PS-PxMarts) - - - - - - - - - - - - - - - - - - - 0.3 - - - - - - - - - - - - - - -
58
Power Sector Assets and Liabilities Management Corporation (PSALM)
 - - - - - - - - - - - - - - - - - - - - - - - - 16,545 8,135 7,282 - 1,828 - - - - - -
59
Small Business Corporation (SBCorp) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 80 -
60
University of the Philippines (UP) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 0.2 - -
61
 TOTAL 811 1,988 3,158 1,781 3,578 1,558 1,361 1,432 1,270 1,068 - 14,999 928 2,616 1,578 999 8,146 11,833 13,237 25,149 44,012 39,588 36,358 19,283 27,958 15,725 22,878 11,144 8,892 1,783 7,551 9,857 8,874 4,136 5,068
62
63
64
65
Notes:
66
* Based on the amount indicated in the relevant Resolution/s during the year. Tax subsidy is considered utilized upon the issuance of the Special Allotment Release Order (SARO). In practice, some tax subsidies are not fully utilized due to delays in the implementation of the project or program [e.g., problems in sourcing the items to be imported, problems in complying with the documentation requirements for the release of the Special Allotment Release Order (SARO) by the Department of Budget and Management (DBM), among others].
67
a/ No tax subsidy was granted by the FIRB for 1998 in view of the suspension of tax subsidy provisions by Administrative Order No. 372 (effective January 1, 1998) and Presidential Veto of Section 13 (tax subsidy provisions) of the 1998 General Appropriations Act.
68
b/ The PIA was originally granted tax subsidy in the amount of Php 82.93 million, representing taxes and duties on its importations of construction materials and equipment, per FIRB Resolution No 3-02.
69
However, this was amended by FIRB Resolution No. 8-02 which limited the coverage of the imporation to Php79.60 million only based on the revised list of construction materials and equipment to be imported for the year 2002
70
c/ FIRB granted tax subsidy to DFPC only in 2015 due to basic deficiency income tax and VAT for 1999-2002.
71
72
Sources of Data: FIRB Board Resolutions, Certificates of Entitlement to Subsidy (CES), and SAROs from the DBM, CY 2006 to 2021.
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100