THE government should not remove tax incentives for the Information Technology and Business Process Management (IT-BPM) industry as this would slow demand for office space in the country, according to a real estate consultancy firm.
“[T]here is a chilling message that they (the government) are going to impose VAT (value added tax) on IT-BPMs and that is by repealing the PEZA (Philippine Economic Zone Authority) law. If you are rewriting the PEZA law by imposing VAT, you are not following that law anymore,” Pronove Tai Chief Executive Officer Monique Pronove told The Manila Times in an interview on Wednesday.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.