Outsourcing BPO sector seen to generate up to $13-B revenues in 2010
Investment Incentives
4 to 8 years Income Tax Holiday (ITH)
Special 5% tax rate on gross income after the lapse of ITH (for IT Park / Ecozone locators)
Tax and duty exemption on imported capital equipment (for IT Park / Ecozone locators)
Unrestricted use of consigned equipment
Additional deduction for labor expense up to a maximum of 150%
Additional deduction for training expense up to a maximum of 150%
Exemption from wharfage dues
Employment of foreign nationals
Click here for information on setting up a business entity in the Philippines.
| BPO sector seen to generate up to $13-B revenues in 2010 | |||||
|
|
The Department of Trade and Industry (DTI) said the BPO industry, particularly the information and communication techonology (ICT) sector, would continue to expand this year. It noted that this expansion would entail hiring up to 900,000 workers, up from 400,000 in 2009. Read more... By Zen Hernandez (www.abs-cbnnews.com) |
The Philippine business process outsourcing (BPO) industry is expected to attain $11 billion to $13 billion in revenues this year as the lingering economic crisis forces companies to continue cutting costs.