The chairman of the House Committee on Ways and Means is appealing to the Department of Finance and the FIRB to extend the deadline for business process outsourcing companies to submit requirements for shifting from the PEZA to the Board of Investments.
Citing PEZA, Albay Rep. Joey Sarte Salceda said only about 41 percent of them made it to submitting their requirements on time.
“Some 640 firms have not yet submitted their requirements. That means, they have to stop work-from-home and return fully onsite, or they will lose their tax incentives,” he said. “Protecting work-from-home jobs is important. It’s good for reducing traffic. It’s good for solo parents and those who need to care for other at home. It also equalizes opportunities between those living in the cities and those in rural or suburban areas like Albay,” he added.
Salceda added that “keeping the work-from-home option is also a cost-competitiveness measure. God knows we need that relief, given increased power costs and the many holidays that employers need to pay for.”
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