Albay 2nd District Rep. Joey Salceda. INQUIRER FILE PHOTO
Allowing business process outsourcing (BPO) firms to keep their work-from-home option and tax incentives as long as they register with the Board of Investments (BOI) is a “win-win” compromise.
This was how House ways and means panel chair Rep. Joey Salceda welcomed the move of the Fiscal Incentives Review Board chaired by Finance Secretary Benjamin Diokno.
The move allows BPO firms to register with the BOI instead of the Philippine Economic Zone Authority.
“Cost of living in Metro Manila is among the highest in Asia. If we insist on having BPOs work in Metro Manila, wages will have to go up at the expense of our competitiveness as an investment destination for BPOs,” he said in a statement.
“So, the country wins. The worker wins. The government wins. And the BPO sector wins. It’s an elegant solution, and I thank the finance secretary for seeing the wisdom in it,” he added.