MANILA - Business process outsourcing firms will be allowed to fully implement remote work schemes while still retaining tax incentives under a House bill eyed to be passed next week.
Salceda said the bill, also known as the CREATE MORE Act, is targeted to be passed by the end of November, to “make the tax incentives system more responsive to the global market and more globally competitive.” Watch more News on iWantTFC They cited continued productivity even when their workers were not reporting to the office physically. Many BPOs also worried that younger workers, who prefer remote work, may opt for other careers.
Salceda however said under their proposed amendments, the IT-BPO sector will also be allowed to fully undertake work-from-home schemes.
Source: News Formal (newsformal.com)