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.
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.
Outsource Accelerator In The MediaSee all media mentions
- Outsourcing industry “absolutely booming”
- Outsourcing industry recovery could be starting, survey indicates
- Doom or boom faces the IT-BPM industry (part 2)
- Bright future for outsourcing
- The Chinese Antidote to a Covid-battered Philippines
- The Philippine IT BPM Industry: Your Tool for Business Recovery and Continuity
- BPO industry in Philippines seen benefitting as firms abroad cut costs due to pandemic