BPO firms’ perks to stay under tax reform package, says DOF

The Department of Finance (DOF) on Friday said business process outsourcing (BPO) companies need not worry about the government’s first tax reform package as they will continue to enjoy a number of fiscal perks so that the sector can sustain robust growth.

In a statement, the DOF said foreign services of BPO firms operating within special economic zones (SEZs) will stay value-added tax (VAT)-exempt; meanwhile, those outside SEZs, especially those who had been registered with the Board of Investments, will keep their zero-rated status.

In particular, Finance Undersecretary Karl Kendrick T. Chua said that the proposed first package of the Duterte administation’s comprehensive tax ref…

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