Only 41% of business process outsourcing (BPO) companies met the deadline to apply for the transfer of their registration to the Board of Investments (BoI), a senior legislator said. READ:
CHARANJEET DHIMAN-UNSPLASH
Albay Rep. Jose Ma. Clemente S. Salceda, the House ways and means committee chairman, said 640 companies have yet to file for a registration transfer with the Philippine Economic Zone Authority , putting these companies at risk of losing the ability to offer work-from-home arrangements to their employees.
The BoI does not restrict the proportion of BPO workers allowed to perform remote work, which makes BoI-registered companies eligible to keep their tax incentives, unlike PEZA-registered ones, which must perform a certain amount of work onsite within economic zones.Dec. 31 was the original deadline for PEZA to endorse transfer applications to the BoI. In turn, PEZA had imposed a Dec. 16 deadline for BPOs to apply for a PEZA endorsement.
“It is vital that the companies that have completed their applications for transfer start 2023 on a solid footing of tax certainty,” he said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Salceda eyes deadline extension for transfer of BPO registration from PEZA to BOIThe Department of Finance should extend the deadline for BPO companies seeking to transfer their registration from the PEZA to the Board of Investments to the end of January 2023—a move that aims to protect and generate work-from-home (WFH) jobs, House ways and means panel chairman Joey Salceda of Albay said Wednesday.
Baca lebih lajut »
DOF, FIRB asked to extend deadline for BPO WFH bid - BusinessMirrorTHE chairman of the House Committee on Ways and Means is appealing to the Department of Finance and the Fiscal Incentives Review Board (FIRB) to extend the deadline for business process outsourcing companies to submit requirements for shifting from the Philippine Economic Zone Authority to the Board of Investments, so that they can keep their
Baca lebih lajut »
BoI approves P729-billion investments in 2022 - BusinessWorld OnlineTHE BOARD of Investments (BoI) approved an estimated P729 billion worth of new investments this year, as investor confidence in the Philippines improved despite global uncertainties. Figures provided by the BoI on Wednesday showed that this year’s investments are 11% higher than the P655.4 billion approved investments in 2021. “The 2022 BoI approval levels clearly […]
Baca lebih lajut »
PEZA endorses to BOI 70%of IT-BPM firms’ applications - BusinessMirrorTHE Philippine Economic Zone Authority (PEZA) said it has already endorsed to the Board of Investments (BOI) 70 percent of the applications for the paper transfer registration of enterprises seeking to enjoy up to 100 percent work-from-home setup. The investment promotion agency also noted that the number of applications they received is only 41 percent
Baca lebih lajut »
‘CARS produced 207K vehicles’ - BusinessMirrorThe two participating car manufacturers (PCMs) in the Comprehensive Automotive Resurgence Strategy (CARS) Program have produced over 200,000 units, according to the Board of Investments (BOI). BOI Managing Head and Trade Undersecretary Ceferino S. Rodolfo told reporters during a press briefing on Wednesday that the production of Mitsubishi Motors Philippines Corp. (MMPC) and Toyota Motor
Baca lebih lajut »
Hundreds of BPOs with WFH setup may lose tax perks in 2023More than half of BPO firms under the Philippine Economic Zone Authority which adopted WFH arrangements may lose their tax incentives next year as the majority have not fully complied with government requirements. | AldenMonzonINQ /PDI
Baca lebih lajut »