The Fiscal Incentives Review Board (FIRB) has issued a resolution allowing information technology-business process management (IT-BPM) registered with investment promotion agencies (IPAs) to implement a 30- percent hybrid work setup until September.
Under FIRB Resolution No. 017-22, registered business enterprises (RBEs) IT-BPM companies may be allowed by their respective IPAs to continue implementing work from home (WFH) arrangements without adversely affecting their fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act from April 1 to September 12 this year.
The resolution was adopted by the board June 21, 2022 and signed by Tina Rose Marie Canda, officer-in-charge and undersecretary of the Department of Budget and Management.
“The number of employees under a WFH arrangement shall not exceed 30 percent of the total workforce of the RBE, while the remaining 70 percent of the total workforce shall render work or service within the geographical boundaries of the ecozone or freeport zone being administered by the IPA with which the project/activity is registered,” the resolution said.
The resolution added RBES in the IT-BPM sector adopting a WFH arrangement exceeding 30 percent threshold shall not be entitled to avail of fiscal and non-fiscal incentives for the said month/s of non compliance.
