Main menu
As part of its technical assistance function, the NTRC serves as the technical secretariat/member of the following inter-
1.) Fiscal Incentives Review Board (FIRB) -
The Fiscal Incentives Review Board (FIRB) was originally created by Presidential Decree No. 776 (August 24, 1975). It was primarily tasked with the responsibility of determining what tax exemptions should be withdrawn, revoked or suspended.
When Executive Order No. 93 withdrew on a general basis, effective March 10, 1987, the tax and duty exemptions of both the government and private entities, it also instituted a system of subsidy to take care of the tax and duty liabilities of government entities. The administration of this subsidy for government-
The NTRC renders assistance to the FIRB as its technical secretariat. As the FIRB’s Secretariat, the NTRC undertakes the initial review/evaluation of applications of GOCCs for tax subsidy and provides technical assistance to other entities on matters relating to tax exemption and tax subsidy.
2.) Task Force on Fees and Charges –
To uphold the judicious upgrading of the rates of fees and charges by bureaus and agencies concerned, the Task Force on Fees and Charges created under EO 255 (February 20, 1996) was reactivated by EO 218 (March 15, 2000) and implemented by DOF-
As Secretariat to the Task Force on Fees and Charges, the NTRC renders technical assistance to agencies in the review and upgrading or adjustment of their fees and charges; monitors the revision of fees and charges by concerned agencies pursuant to EO 197; passes upon requests for exemption from EO 197 based on certain criteria; and prepares reports on the compliance with EO 197 and collection from fees and charges.
3.) Zonal Valuation of Real Properties -
As member of the BIR’s Technical and Executive Committees on Zonal Valuation, NTRC attends monthly meetings and public hearings pertaining to requests for valuation of various real properties and assists in their ocular inspection, actual revisions and the preparation of the recommended values for the approval of the Secretary of Finance.
4.) Adhoc Committees/Task Forces –
From time to time, the NTRC is also tasked to serve as lead agency, technical secretariat or member of interagency committees or task forces. Among such committees or task forces are the: Executive Technical Board of the Development Budget Coordination Committee (DBCC) and Land Administration and Management Project (LAMP) Phase 2 (Up to the Present); Joint NTRC-