IT-BPM firms can still transfer their registration to BoI until January 31 - BusinessWorld Online

January 3, 2023 | 12:32 amINFORMATION TECHNOLOGY-business process management firms have been given one more month to transfer their registration to the Board of Investments from their existing investment promotion agency .

“There is an urgent need to extend the Dec. 31 deadline to give full effect to the intent behind the provisions to allow affected existing registered business enterprises in the IT-BPM sector to adopt, on a long-term basis,ects on their tax incentives,” the FIRB said in the resolution dated Dec. 23.

“The FIRB continues to support the RBEs in the IT-BPM sector by recognizing their need to adopt the WFH and any proposed alternative work arrangement as their business model, which is not contrary to law,” it added.

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