More 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
This leaves nearly 640 other firms still not fully compliant, which means they would have to either recall employees back to the office to remain eligible for tax perks or to continue with the said work setup without government incentives.
Asked if they will ask for an extension from the Fiscal Incentives Review Board , Panga expressed reluctance, citing that even the BOI was “not keen on asking” to stretch out the application periodDec. 16 was the deadline set by Peza to receive submissions, but the original deadline in the FIRB resolution is Dec. 31.
Since April of this year, Peza-registered business firms were given temporary leeway in their work arrangement until Sept. 12, continuing to enjoy tax incentives despite 30 percent of their employees working from home because of difficulties caused by the pandemic.
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