News » DOF chief urges BPOs to move to BOI

DOF chief urges BPOs to move to BOI

DOF chief urges BPOs to move to BOI

Department of Finance (DOF) Secretary Benjamin Diokno is urging Business Process Outsourcing (BPO) companies in the Philippines to transfer their registration to the Board of Investments (BOI).

According to Diokno, BPOs can continue working from home without losing their incentives if they move from Philippine Economic Zone Authority (PEZA) to BOI.

“The FIRB (Fiscal Incentives Review Board) met (on Wednesday), and we decided there will be a smooth transfer of benefits from the PEZA to BOI, and so that problem is solved,” the finance secretary added. Diokno also serves as the FIRB Chairperson.

DOF Undersecretary and FIRB Technical Committee Chairperson Antonette Tionko added that incentives under the two investment promotion agencies (IPAs) “are already basically the same.”

She also emphasized that companies shifting their membership will not be asked to leave their facilities in PEZA economic zones.

There are about 2,000 IT-BPMs registered with PEZA that may transfer to BOI.

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.