News » Roxas recommends tax incentives for BPO firms

Roxas recommends tax incentives for BPO firms

Roxas recommends tax incentives for BPO firms

Senatorial candidate Mar Roxas has recommended giving additional tax incentives to business process outsourcing (BPO) companies who will train their employees to enhance their skills. Roxas said it is in the interest of BPO firms to train their employees to move up; therefore, the training of Filipinos can be incentivized. Incentives could come either in the form of deductions or double deductions in taxes, he added. Roxas said the incentives would aid the BPO industry in facing present-day challenges, including artificial intelligence, machine learning, and big data. According to Roxas, the country’s investment package for foreign businesses in the BPO industry should consist of incentives, education, infrastructure, and amenities to keep up with current technological advances. He said the country cannot convince companies to locate here if the business environment is not conducive for business. Roxas has been credited for helping bring the BPO industry to the Philippines in 2000.

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.