• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Deadlock over WFH scheme may harm PH’s position as an IT-BPM hub

Deadlock over WFH scheme may harm PH’s position as an IT-BPM hub

Deadlock over WFH scheme may harm PH’s position as an IT-BPM hub

The standoff over the Work From Home (WFH) setup of registered Information Technology and Business Process Management (IT-BPM) firms may affect the Philippines’ title as a global investment destination, said Information Technology and Business Process Association of the Philippines (IBPAP) President and CEO Jack Madrid.

In a statement, Madrid deemed it“perplexing” that the Fiscal Incentives Review Board (FIRB) insists that there is no legal basis for the extension of the 30% WFH arrangement for IT-BPM companies.

Madrid added that the FIRB’s stand is rather “short-sighted and inconsistent, as well as non-adjacent to the objective of attracting and retaining investors in the country’s largest job-generating industry and contributor of foreign exchange revenue.

“The long-standing impasse with the FIRB and its very public exchanges with PEZA (Philippine Economic Zone Authority) on the matter of WFH/hybrid work is not only detrimental to our narrative of industry agility, innovation, and resilience but also to our positioning of the Philippines as the IT-BPM investment destination of choice,” Madrid urged. 

Earlier, PEZA approved the extension of the 70:30 hybrid work arrangement for IT-BPM firms without consequence to the fiscal incentives enshrined under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image