#peza

From PEZA to BOI To recall, the Fiscal Incentives Review Board (FIRB) has long supported the full reopening of the economy, as exhibited in their Resolution 019-21, and this mandate to "return to office" (RTO) included the BPO industry. Accommodating calls to extend the prevailing WFH setup, however, the Philippine Economic Zone Authority (PEZA) has issued letters of authority to permit their registered business enterprises (RBEs) to implement a hybrid setup (up to 30 percent work-from-home) until September 12 of this year, while still retaining their fiscal incentives. For its part, PEZA issued Memorandum Circular No. PEZA, nonetheless, considers the "paper transfer" of registration to BOI as an interim measure. In all these, we expect that PEZA will retain its mandate to promote and facilitate investments and keep the separate customs territory status vested in the ecozones to ensure the competitiveness of our IT sector," explained PEZA Deputy Director General and Officer-in-Charge Tereso O. CNN Philippines notes that there around 2,000 BPO firms which may be set to transfer from PEZA to BOI, an estimate corroborated by BusinessWorld. Furthermore, Colliers finds that PEZA-accredited spaces in Metro Manila are four times greater than in the provinces as of the first half of 2022. The disparity is not as large when it comes to non-PEZA spaces, which only has 50 percent difference between Metro Manila and the provinces. Read more in our articles including "Full work-from-home setup for BPOs: Will it cause a provincial shift?" and "Gov't says tax incentives 'not that important' for BPOs as RTO mandate remains".