THE Philippine Economic Zone Authority has revived its call for a 100-percent work-from-home arrangement for the information technology-business process outsourcing companies without reducing their fiscal incentives.
The investment promotion agency is basing its request on a provision of the Corporate Recovery and Tax Incentives for Enterprises Act, particularly the Rule 23 entitled Temporary Measures for Exceptional Circumstances. Peza, apart from the WFH proposal, also asked for other temporary measures, including the “movement of IT equipment and assets as long as the same is covered by surety bond and appropriate Peza permits.”
“The proposal of Peza is merely temporary in consideration of the ongoing pandemic,” Peza Director General Plaza said. “Peza-registered companies are coping with or recovering from the impacts of the pandemic. If it’s supposed to be a relief measure, we should not penalize the companies; rather, we must continue to assist our registered companies as much as possible given that protecting livelihoods of millions of Filipinos is an important national interest,” she said.
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Source: bworldph - 🏆 9. / 68 Read more »
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