NextGen Day

The Philippine Economic Zone Authority (PEZA) has asked the Fiscal Incentives Review Board (FIRB) to extend the work-from-home (WFH) arrangement for IT-BPO locators until September 12 this year.

The PEZA proposed to the FIRB that such an arrangement be implemented without the 10% onsite requirement and with reduced fiscal incentives.

These temporary measures, it said in a statement on Thursday, will aid registered businesses in investment promotion agencies (IPAs) like PEZA in recovering from the pandemic’s negative effects.

PEZA cited Rule 23, Section 3 of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law’s implementing rules and regulations (IRR), which allows IPAs to take temporary measures in the event of a pandemic, epidemic, war, armed conflict, state of a national health emergency, disease outbreak, international or regional financial crisis, a major disaster such as volcanic eruption, earthquake, or super typhoon, or analogous circumstances.

“PEZA’s suggestion is only temporary in light of the ongoing pandemic,” stated PEZA director-general Charito Plaza.

Plaza said that the PEZA has yet to receive a formal notice from the FIRB regarding the IPA’s recommendations.

“PEZA-registered businesses are dealing with or recovering from the pandemic’s effects. If it’s supposed to be a relief measure, we shouldn’t punish the companies; instead, we should continue to support our registered enterprises as much as possible, considering that maintaining the livelihoods of millions of Filipinos is a major national priority,” she said.

Aside from extending the WFH agreement, PEZA also asked the FIRB to “allow movement of IT equipment and assets as long as the same is secured by a surety bond and relevant PEZA permissions” and to allow the IPA to create its own WFH rules for the sector.

Earlier, PEZA deputy director-general Tereso Panga emphasized the IT-BPO sector’s contribution to IPA investments and jobs.

The sector has spent PHP328.6 billion in the ecozone over the last two decades, creating 962,304 direct jobs.

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