REVENUE MEMORANDUM CIRCULAR NO. 15-2023 issued on February 3, 2023 publishes the full text of Memorandum Circular No. 2023-001 issued by the Board of Investments (BOI) through Board Resolution Number 02-01, Series of 2023, for the clarification on the coverage of
logistic services as “Activities in Support to Exporters” under the 2022 Strategic Investment Priority Plan (SIPP).
          The Board Resolution No. 02-01, issued the following clarifications on the coverage of logistic services as one of the activities in support of exporters under the 2022 SIPP pursuant to Sec. 300 of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, and Sections 2 and 3 of Rule 4 of its Implementing Rules and Regulations (IRR), which provides that the BOI shall formulate the SIPP and its corresponding guidelines:
            Based on the definition of export enterprises under Sec. 293. (E) of the CREATE
            Act, the listing in the SIPP for logistic services as one of the activities in support
            of exporters shall cover the Ecozone Logistics Service Enterprises or ELSEs type
            3 or “combination of both”, as follows:
              a. establishment of a warehouse storage facility; and
              b. importation or procurement from local sources and/or from other Philippine
                  Economic Zone Authority (PEZA) registered enterprises of goods for resale,
                  or for packing/covering (including marking, labelling), cutting or altering to
                  customers’ specification, mounting and/or packaging into kits or marketable
                   lots thereof for subsequent sale, transfer or disposition for export;
            Further, such integrated ELSEs shall be considered as export enterprises;
            Provided, that they render at least 70% of their output/ services to another
            registered export enterprise.