• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » IT-BPM industry favors higher GIE, announced at IBPAP summit

IT-BPM industry favors higher GIE, announced at IBPAP summit

IT-BPM industry favors higher GIE, announced at IBPAP summit
IT-BPM industry favors higher GIE, announced at IBPAP summit

The information technology business process management (IT-BPM) industry is mostly in favor of changing the gross income earned (GIE) tax rate up to, say, 7% from 5% in the government’s second tax reform bill. However, the industry does not want to deal with the local government units in paying for the tax shares, said Senator Sonny Angara, Senate committee chair on ways and means, at the sidelines of the International Innovation Summit 2018. In the 5% GIE rate, which is in lieu of all taxes, 3% goes to the national government, while the remaining 2% is for the city or town that is hosting the economic zone. Angara said the industry wants the national government to directly collect the share of the LGUs. The Tax Reform for Attracting Better and Higher Quality Opportunities (Trabaho Bill) approved by the House of Representatives seeks to reduce corporate income taxes from the current 30% to 20 % and rationalize fiscal incentives.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image