IT-BPM firms may choose to adopt WFH arrangements, but must comply with conditions in operating in ecozones to continue enjoying incentives

The Department of Finance (DOF) clarifies that Information Technology Business Process Management (IT-BPM) companies in ecozones and are registered with investment promotion agencies (IPA) are free to adopt work from…

Continue Reading IT-BPM firms may choose to adopt WFH arrangements, but must comply with conditions in operating in ecozones to continue enjoying incentives

FIRB backs SIPP for approval of President Duterte

The Fiscal Incentives Review Board (FIRB) is supporting the proposal on the Strategic Investment Priority Plan (SIPP) by the Board of Investments (BOI), an attached agency of the Department of…

Continue Reading FIRB backs SIPP for approval of President Duterte

IPAs point to COVID-19, high costs of doing business, and foreign equity restrictions as among barriers to investments in the Philippines

In recent reports to the Fiscal Incentives Review Board (FIRB), investment promotion agencies (IPAs) identified the COVID-19 pandemic, high costs of doing business, and foreign equity restrictions in the Philippines…

Continue Reading IPAs point to COVID-19, high costs of doing business, and foreign equity restrictions as among barriers to investments in the Philippines

FIRB enjoins BOI to finalize SIPP by January 2022

The Fiscal Incentives Review Board (FIRB) has enjoined the Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI), to finalize the Strategic Investment Priority…

Continue Reading FIRB enjoins BOI to finalize SIPP by January 2022

FIRB upholds Resolution 19-21 and denies PEZA request to exempt its registered IT-BPM enterprises from the rules on WFH arrangements

The Cabinet-level Fiscal Incentives Review Board (FIRB) maintained during its October 15 meeting the FIRB Resolution No. 19-21 that allows registered business enterprises (RBEs) of the Information Technology and Business…

Continue Reading FIRB upholds Resolution 19-21 and denies PEZA request to exempt its registered IT-BPM enterprises from the rules on WFH arrangements