DTI, BOI urged to counter BPO incentives reform

The Philippine Association of Multinational Companies Regional Headquarters Inc (PAMURI), a subsector of the BPO industry, has urged the Department of Trade and Industry (DTI) and the Board of Investments (BOI) to stand up and protect investors in the ongoing tax reform program. PAMURI director Celeste Ilagan said the DTI and BOI are supposedly lead agencies in investment promotion and job generation. However, she said the group has not heard the DTI come out and express its support on maintaining incentives for the industry. Ilagan said the proposed rationalisation of incentives should not lead to the outcome of it impacting negatively on the country’s ability to attract investors. The group said about four or five regional operating headquarters for multinational companies had declined to enter the Philippine market due to concerns over the removal of tax incentives.