BPO Partylist President and first nominee Mike Cubos urged the Fiscal Incentives Review Board (FIRB) to reconsider the appeal of the Information Technology-Business Processing Management (IT-BPM) leaders to extend the Work-From-Home (WFH) arrangement.
“This move is one of the many reasons why the country’s ranking in the ITBPM worldwide is plummeting,” said Cubos.
Cubos added that the decision of FIRB of denying the petition by the Philippine Economic Zone Authority (PEZA) to extend the WFH arrangement of the registered IT-BPM companies until September 12 is an inconsiderate action that may bring more damage and it is not a sound and grounded decision.
“ FIRB should listen with the IT-BPM leaders’ request for an extension,” said Cubos.
Under FIRB Resolution No. 19-21, registered IT-BPM firms are allowed to offer WFH arrangements to a maximum of 90 percent of their personnel until March 31, 2022, after the surge of the COVID-19 cases in 2020.
However, as the number of COVID-19 cases drops and with the desire to revive the economy, FIRB reminds the IT-BPM industry to let their employees report back to the office on April 1, or else they will remove the tax-exempt incentives being enjoyed by the IT-BPM sector if they do not comply.
“The industry must be sustained and all efforts and action must be in accordance to the benefit of all stakeholders,” Cubos said.
With issues arises like this, Cubos felt the need for a governing body, that has powers and enough budget to take care of all these things accordingly so this industry will last and become number one again which is the utmost vision of the BPO Partylist.
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