|
LEGISLATIVE FRAMEWORK The Philippines has adopted US accounting and legal business practices, bolstering its position as a source for quality workforce suited for complex customer interactions involving these fields.
The Philippine government promotes the call center outsourcing industry via liberal polices such as an 8 year grace period on taxes.
For companies opening 100 or more stations, they have the opportunity to take advantage of benefits offered by the Philippine Government. For example:
Advantage of locating in a PEZA ZONE(Philippine Economic Zone Authority)
- No income tax of up to 8 years and thereafter, an option to pay 5% tax on gross income,
- in lieu of all national and local taxes and licenses.
- Additional deductions for training expenses
- Exemption from duties and taxes on capital equipment
- Exemption from wharf age duties, export tax, impost or fee
- Permanent residence status for foreign investors
- Remittance of earning form investments
- Other incentives under the Omnibus Investment Code of 1987.
|