Information Technology Business Process Management (IT-BPM) enterprises in economic zones may implement a work-from-home (WFH) arrangement until the end of the first quarter next year, the Fiscal Incentives Review Board (FIRB) approved. Based on the FIRB Resolution No. 19-21, IT-BPM enterprises...
In the Philippines, some towns and brands are offering rewards and discounts for vaccinated individuals. In a farming town up north, a mayor promises its constituents a cow raffle every month from September 2021 onwards for those who got their COVID-19 vaccines. Image by Pete Linforth...
President Duterte assured Filipino athletes of the government's full support as he honored those who competed in the Tokyo 2020 Olympics. President Duterte presents incentives to first Filipino Olympic Gold medalist Hidilyn Diaz in an awarding ceremony in Malacañang on August 23, 2021 (RTVM...
Members of the Senate have pledged to give Filipino athletes cash rewards for their historic feat in the 2020 Tokyo Olympics. Tokyo Olympics gold medalist Hidilyn Diaz (AFP) Senate Majority Leader Juan Miguel Zubiri made the disclosure during the chamber's plenary session on Monday, August 23....
President Duterte has assured medical frontliners that the government will do its best to protect and incentivize them for their hard work and sacrifice amid the coronavirus (COVID-19) pandemic. President Duterte (RTVM Screenshot) Duterte made the statement after several groups of medical...
President Duterte has pledged to give all Filipino athletes who competed in the recently concluded Tokyo 2020 Olympics additional cash incentives, regardless if they won in their respective events or not. President Duterte congratulates Tokyo 2020 Olympics Silver medalists Carlo Paalam and Nesthy...
Senator Pia Cayetano is seeking the grant of tax exemptions on the rewards and donations to be given to Olympic medalists and their coaches. Senator Pia Cayetano sponsors on July 27, 2021 a resolution commending weightlifter Hidilyn Diaz, Philippines' first Olympic gold medalist. (Office of Senator...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
Obesity continues to be a pressing health risk around the world. Great Britain is one of the worst-hit nations with obesity as studies show that two in three adults in the country are either overweight or obese. To help inspire the citizens to combat obesity, the British government will...
The Department of Finance (DOF) said President Duterte has now accomplished eight tenths of his economic reform program that provided income tax cuts for individuals and corporations. In a statement, Finance Secretary Carlos G. Dominguez III said Wednesday, July 28, that 85 percent of the Duterte...
The government incurred hefty foregone revenues due to fiscal incentives enjoyed by favored enterprises one year before the landmark congressional approval of the corporate recovery and tax incentives for enterprises (CREATE) law. According to the report submitted by the Department of Finance -...
Should economic zone-based business process outsourcing (BPO) companies implementing a work-from-home (WFH) scheme get tax incentives? The Department of Labor and Employment (DOLE) thinks so. (Photo from DOLE Facebook page) According to DOLE Secretary Silvestre Bello III, Information Technology and...
