BPOs with full work-from-home schemes can keep tax perks in new House bill

House ways and means panel chairperson Rep. Joey Salceda said on Tuesday that the proposed CREATE amendments — which is likely to be passed next week — will allow the IT-BPO sector to “fully undertake work-from-home schemes.”

This comes after the Department of Finance last year heeded demands by BPO firms to retain the remote work arrangements implemented during the pandemic by allowing the transfer of BPOs to the BOI, which unlike the PEZA, has no restrictions on area of operations. The setup, in turn, helped the sector generate $26.7 billion in revenues and create 1.32 million direct jobs in 2020 despite a pandemic-induced recession, data from IT and Business Process Association of the Philippines showed.

Another amendment to the CREATE Act is a uniform 1.5% registered business enterprise local tax collected by investment promotion agencies “in lieu of all local impositions” in order to reduce the point of contact with local government units, the lawmaker said.

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