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Greater than two-thirds of the companies within the Philippines’ $30-billion enterprise course of outsourcing (BPO) trade stand to lose their tax perks after the Philippine Financial Zone Authority (Peza) revealed that lower than a 3rd of the 1,088 registered companies had absolutely complied with the necessities to take care of their fiscal incentives two days earlier than the deadline.
The paperwork to finish the switch of the Data Expertise and Enterprise Course of Administration companies from the jurisdiction of Peza to the Board of Funding (BOI) by year-end is important for them to maintain their tax incentives whereas permitting staff to do business from home.
In keeping with Peza, solely 351 out of the 1,088 applica…
Carry on studying: A whole bunch of BPOs’ tax perks dangle as switch deadline looms
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