Wins for work-from-home - BusinessMirror

When lockdowns were enacted throughout the pandemic, governments across the world implemented schemes to support businesses that were transitioning to or were already maintaining work-from-home arrangements.

In May 2021, the Tokyo government offered companies subsidies worth a little more than $7,000 if at least 70 percent of their staff work from home three days a week for three months. The move was meant to subsidize the cost of purchasing software and equipment to enable telecommuting. The rationale for these financial incentives that lasted until September 2021 was to lower the number of people commuting to work.

At the beginning of the pandemic, programs like that of Vermont were few and far between across the US. But at present, according to MakeMyMove, a startup that provides “one-stop-shop” services for remote workers, up to 70 communities across the United States now have similar schemes for incentivizing these workers to relocate in a bid to invigorate local economies.

All these developments point to a new normal that has emerged in light of the pandemic—one that our economic managers have finally recognized. Recently, the Fiscal Incentives Review Board decided to allow IT-BPO companies operating in economic zones to retain their WFH arrangements and still enjoy the tax incentives granted to them. These companies simply have to transfer their registration from the Philippine Economic Zone Authority to the Board of Investments .

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