REVENUE MEMORANDUM CIRCULAR NO. 103-2022 issued on July 19, 2022 publishes Fiscal Incentives Review Board Resolution No. 018-22 granting the Board of Investments authority to implement temporary measures for Registered Business Enterprises (RBEs) affected by Typhoon Odette, such as movement of the start of commercial operation and the reckoning date of their Income Tax Holiday (ITH), and deferment of the ITH availment, until December 21, 2022 or until Presidential Proclamation No. 1267 has been lifted, whichever comes earlier, and subject to the terms and conditions stated in the RBE’s respective
registrations.