Recognizing the “heroic role” of barangay health workers during the Covid-19 pandemic, the House Committee on Ways and Means on Monday, Dec. 5, approved the tax provisions of the substitute bill consolidating proposed measures for the magna carta of barangay health workers (BHWs).
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Information Technology and Business Processing Outsourcing (IT-BPO) enterprises registered with the Philippine Economic Zone Authority (PEZA) need to transfer to the Board of Investments (BOI) to retain their tax incentives and continue their work from home (WFH) arrangement, the Department of Finan
Diokno extends IT-BPM's WFH setup
By Chino S. Leyco
The Department of Finance (DOF) has extended the work-from-home (WFH) arrangement of the Information Technology and Business Process Management (IT-BPM) enterprises until further notice.
In a statement on Friday, Sept. 9, Finance Sec
The government said business process outsourcing firms are milking their tax privileges not to sustain their operational viability, but to increase their profits.
Published April 19, 2021, 5:00 AM
The newly reconstituted Fiscal Incentives Review Board (FIRB) aims to complete the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law ahead of the deadline.
Following the first meeting of the FIRB board last April 14, the body set May 17, 2021 as the target date for signing the IRR on expanded functions of the board and the fresh menu of tax incentives available to investors and enterprises under this law.
According to the Department of Finance (DOF), the target date is around two months ahead of the 90-day deadline set under the law.