“The Philippine government stands ready to support the continued growth of IT-BPM companies by building an enabling business environment in order to boost the country’s competitiveness in the field of business processes and services,” Mr. Diokno was quoted as saying by the Department of Finance in a conference last week.
The law requires BPOs registered with the Philippine Economic Zone Authority to perform most of their work within economic zones in order to continue enjoying their tax breaks. As a solution, the government has proposed a transfer of registration to the Board of Investments, which does not enforce the economic zone requirement.
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