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The Philippines as an Outsourcing Destination




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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.

International ICT Awards set on March 25
Wednesday, 03 March 2010 11:18    Bookmark and Share PDF Print E-mail

Organized by the Canadian Chamber of Commerce of the Philippines in partnership with BPAPThe International ICT Awards-Philippines 2010, an award-giving body that recognizes organizations and individuals who contribute the most to put the Philippines and Filipinos in the minds of global business leaders, is set to announce this year’s set of winners on March 25 at the Grand Ballroom of the Dusit Thani Hotel in Makati City.

The major award categories include: Business Process Offshore (BPO) Company of the Year, Fastest – Growing BPO Company of the Year, and Most Innovative BPO Company of the Year, while new award categories, created in order to give recognition to rising non-voice BPO companies, include Shared Services Excellence Company of the Year and Non-voice Company of the Year.

Organizers of the award said Filipinos are achieving world beating levels of performance and this gala awards night will be their chance to shine in front of the international community.

“The Philippines has emerged as one of the world’s fastest growing destination for BPO as it’s engaged in offshore outsourcing for global companies. This success has made the country, a dominant player in the booming ICT industry within the Asia Pacific region,” organizers said.

Recently, the Philippines received the Best Offshoring Destination of the Year Award for 2009 for its BPO sector bestowed by the United Kingdom’s National Outsourcing Association. Read more...

By Edison Ong (www.mb.com.ph)

 

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