The American Chamber of Commerce of the Philippines (AmCham) said it is pushing for the amendment of the Philippine Economic Zone Authority (PEZA) law to allow PEZA-registered business enterprises (RBEs) to adopt a more permanent WFH arrangement.
THE American Chamber of Commerce of the Philippines said it is pushing for the amendment of the Philippine Economic Zone Authority law to allow PEZA-registered business enterprises to adopt a more permanent work-from-home arrangement.
With this, he said the AmCham is pushing for the amendment of the PEZA law “absolutely as fast, as hard as we can.” Under Fiscal Incentives Review Board Resolution No. 026-22, RBEs in the IT and Business Process Management sector that have remaining incentives under Section 311 of the National Internal Revenue Code of 1997, as amended by the CREATE Act, or those with approved incentives under the CREATE Act on or before September 14, 2022, may opt to transfer their registration to BOI to implement up to 100 percent WFH.
Section 309 of CREATE applies to RBEs registered with Peza. Meanwhile, the BOI is the only IPA not affected by the boundary constraints or zone limits. “The thing I’ve always been impressed with PEZA is you can call up the Director General of PEZA at midnight and show up at the phone and watch your problem help you solve it. I’ve not had that luck with BOI,” Hinchliffe said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Magnitude 6.7 earthquake strikes under the ocean between American Samoa, TongaA tsunami warning for American Samoa was lifted after a powerful earthquake of magnitude 6.7 struck between American Samoa and Tonga on Sunday.
Read more »
Brooks snags ONE strawweight title from PacioFilipino stalwart Joshua Pacio falls short as brash American Jarred Brooks wrests the strawweight title in ONE 164. ONEChampionship ONE164
Read more »
Brooks defeats strawweight champion Pacio in ONE Championship - BusinessWorld OnlineJoshua Pacio relinquished his strawweight title to American challenger Jarred Brooks, absorbing a unanimous decision loss as ONE Championship marked its Philippine comeback for ONE 164 after almost three years due to the pandemic. READ:
Read more »
Oil poised for weekly gain with China’s softening on virus curbs - BusinessMirrorOil headed for its biggest weekly advance in almost two months as China took more steps to soften its strict virus controls and Washington mulled a pause in sales from strategic reserves. West Texas Intermediate traded above $81 a barrel after a run of four daily gains. Beijing said it would allow some infected people
Read more »
AmCham backs PEZA law revision - BusinessMirrorTHE American Chamber of Commerce of the Philippines (AmCham) said it is pushing for the amendment of the Philippine Economic Zone Authority (PEZA) law to allow PEZA-registered business enterprises (RBEs) to adopt a more permanent work-from-home (WFH) arrangement. AmCham Executive Director Ebb Hinchliffe revealed to reporters at the sidelines of the Arangkada Forum press briefing
Read more »