As an answer to FIRBs mandate, the ecozone authority announced that they would allow their members to apply for a 70:30 hybrid work arrangement in their offices. Generally, PEZA follows a 7-step registration process: Submit application documents for pre-screening. All content is in the public domain unless otherwise stated. Learn more about the Philippine government, its structure, how government works and the people behind it. Or select the recommended agencies below: Not sure which one to send? Tracking no: #PEZA-530385315873, A government agency tasked to promote investments, generate exports, and create employment by granting incentives and assistance to investors in PEZA Economic Zone. The IPP is significant since all industries whose business activity falls under the list can be registered as such and shall enjoy fiscal and non-fiscal benefits. Then you can access your favorite statistics via the star in the header. Founded in 1980, Cavite Economic Zone was developed in five phases, which consist mostly of industrial power plants and sewerage facilities. Additional Deductions from Taxable Income. Purpose: Research Despite the update on the regulations, during tax audits, BIR examiners still disallow certain direct expenses that are not included in the enumerated list, following the exclusivity position of RR No. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Learn more about the Philippine government, its structure, how government works and the people behind it. PEZA approval and specific incentives granted are on a case to case basis. Copy of notice to all affected employees/workers before the effectivity date of cancellation/delisting or temporary closure of operation. The agency even encourages more BPO companies to invest in the Philippines in order to promote and develop PEZA registered IT-BPOs in the Philippines. In the case of PEZA-registered entities, the Bureau of Internal Revenue (BIR) issued two Revenue Regulations in 2005 (RR Nos. Date of Coverage: 01/01/2015 - 09/21/2020 However, the information technology business process outsourcing (IT-BPO) industry is not the only one on the governments agenda for development. Effective Date: Dec 06, 2022 10:00 AM. November 05, 2020. However, this time, the export requirement is at least 70% of actual production. PHILIPPINE ECONOMIC ZONE AUTHORITY. There has been a rise of individual workers affected by the COVID-19 pandemic since its spread in the country last 2020. October 26, 2020. Principal officers and biodata. for Port Charges. 2-05 and 11-05). Purpose: Sales and Marketing Not only does it benefit IT-BPO companies, but they can also help their employees have better take-home pay for their families and bigger benefits through investing in their employees skills. Browse over 546 February 03, 2023. Date of Coverage: 10/01/2020 - 11/16/2020 Date of Coverage: 11/09/2022 - 11/19/2022 Tracking no: #PEZA-659494271317, Requested from PEZA by N. Nebres at 10:48 AM on All corporations, partnership, cooperatives and sole proprietorships should also submit the following documents no later than 31 March of every year after accreditation, a. Enterprises located inside the zones are required to export 100% of their production. Date of Coverage: 01/01/2022 - 01/31/2023 IT-enabled services such as data entry, transcription, call center, etc. All content is in the public domain unless otherwise stated. Purpose: Research for Prospective Clients Purchases made by BOI- and PEZA-registered enterprises that relate to their registered activities. As support information relative to the effect of covid 19 pandemics in PH . The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 2,300+ BPO companies all designed to make it easier for clients to learn about and engage with outsourcing. Tracking no: #PEZA-999549663947, Requested from PEZA by M. Tabao at 02:18 PM on November 15, 2020. Date of Coverage: 01/01/2020 - 10/07/2020 Date of Coverage: 11/17/2020 - 11/17/2020 Show publisher information This is to ensure that the benefits secured by the company while in operations are due and appropriate as the PEZA registered company must show that it has complied with its registration agreement it executed with PEZA when it availed of the PEZA benefits while it has been in operations. These are: 1. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses - clients - across the globe. Other than the opportunity to establish a business at one of the economic centers in the Philippines, registered business enterprises (RBEs) are also entitled to: Aside from tax incentives, economic zone authority PEZA also gives its foreign members and their families benefits, such as: With the ability to enjoy tax incentives and the chance to be in one of the economic centers in the country, the BPO Industry will surely thrive in the country while enjoying the cheap cost of labor and equipment as well. Date of Coverage: 08/29/2020 - 08/29/2020 The just a temporary measure became the ideal work model for most industries going forward. As a Premium user you get access to background information and details about the release of this statistic. Purpose: Architectural Thesis Date of Coverage: 02/07/2023 - 02/07/2023 Research project at the National University of Singapore, Latest Operational Companies within Economic Zones/Industrial Parks, Electronics Company in PEZA, Rozario Cavite with Tri-shift Schedule, Total number of PEZA economic zones that are not yet operational as of February 2023, Lists of Latest Manufacturing Industries In Cebu, List of Accounting Business Process Outsourcing Firms Located in Lucena City, Quarterly Gross regional domestic product year 1990-2022, List of Economic Zones Across Industries in the Philippines, List of industrial lots for sale/lease in Laguna, PEZA Standards in Planning and Design of IT-BPO Park and facilities, List of Economic Zones in the Philippines & Number of Workers, PEZA Rosario Electronics Company with Tri-Shift Schedule, Updated List and Data Information of all LOCATORS under PEZA. Tracking no: #PEZA-123691204324, Requested from PEZA by I. Buenaflor at 09:35 AM on Foreign Currency Exchange Rate. The scheme, which is a departure from the regular ratio of 90:10, is PEZAs way of cooperating with FIRBs mandates and pushing for corporate recovery in the Philippines while appeasing their RBEs and industry employees. As of 2016, the economic zone produced more than 12,000 employees from different sectors, with more than 8,000 attributed to BPOs. ("IT Service Activities" are activities which involve the use of any IT software and/or system for value addition). In some cases, PEZA may approve the sale of up to 30% of production in the domestic market. Date of Coverage: 01/01/2016 - 01/01/2022 Tracking no: #PEZA-711622487992, Requested from PEZA by W. Apuya at 02:33 PM on Rosa, Laguna Philippines Purpose: Feasibility study PEZA, or the Philippine Economic Zone Authority, is an agency attached to the Department of Trade and Industry (DTI) tasked to facilitate locator companies operating in different special economic zones across the country. It takes the same position as BIR RR 2-05. Date of Coverage: 01/01/2022 - 12/01/2022 Purpose: APPLICATION OF SUBCON OR EXTENDED WAREHOUSE AT RESTRICTED AREA Learn more about the Executive Order No. The ideal entry-level account for individual users. To continue, select the name of the government agency you would like to request information from. Date of Coverage: 02/07/2022 - 02/07/2023 Mactan Economic Zone is set to become a township to cater to business owners and workers in the near future. Register through our Electronic Application for Registration System (eARS), Click here to avail yourselves of our reliable online services, Numerous tax incentives that saves you a lot of money, Efficient registration system all in one office, Transparent procedures; no graft and corruption, No red-tape and lengthy paperwork procedures, A support service even after setting up business, Mr. Tereso O. Panga has been designated as the, SPECIAL NON-IMMIGRANT VISAS WITH MULTIPLE ENTRY PRIVELEGES, Deputy Director General for Policy and Planning Tereso O. Panga. The good thing is that in November 2020, the Supreme Court (SC) finally put an end to the issue when it held that the deductible costs and expenses in RR No. Philippine Economic Zone Authority (PEZA) promotes the establishment of economic zones in the Philippines for foreign investments. This request link has been copied to the clipboard. Following the SC decision, for as long as the taxpayer can prove that the expense is a direct cost of its registered production/service activity, then it can be classified as an allowable deduction under the 5% GIT regime. After company registration with PEZA, sometimes it is inevitable that these companies with registered activities with PEZA close shop. APPLICATION OF SUBCON OR EXTENDED WAREHOUSE AT RESTRICTED AREA, Marketing Campaign and Sales Lead Generation, Research paper for Master's Degree in Business and Administration, List of Active Garment Exporter - Manufacturing Companies in PEZA, INFO ON LEGAL REQUIREMENT ON SETTING EXTENDED WAREHOUSE OR SUBCON TO RESTRICTED AREA, Number of Employees for each PEZA Location, List of PEZA-registered Enterprises in per Operational Manufacturing Economic Zone, 2020 List of Operating PEZA-Registered Enterprises, List of PEZA Accredited warehouses in the Philippines as of 2020, List of PEZA-registered Companies of 2020, Updated list of PEZA Economic Zones as of 2020, The businesses under PEZA in Davao Region, PEZA Accredited BPO Companies in Calabarzon, Financial Ratios for Manufacturing Companies, QUEZON ECONOMIC ZONE PROJECT DETAILS, LOCATION AND STATUS. 2 - The order implementing Freedom of Information in the Philippines. October 07, 2020. You can only download this statistic as a Premium user. Jan 06, 2022. After that, they are subject to 5% tax on gross income (sales less direct costs) in lieu of all local and national taxes. Date of Coverage: 01/01/2018 - 08/18/2020 For the following non-resident Foreign Nationals in a PEZA-registered Economic Zone Enterprise : Investor/s, officers, and employees in supervisory, technical or advisory position, and their spouses and unmarried children under twenty-one years of age. However, the economic zone authority PEZA did not give up its efforts to maintain a work from the home system for its members. Purpose: Compliance requirements 0% Local purchases of goods and services. Outsource Insights is starting soon. Purpose: Research project at the National University of Singapore Date of Coverage: 01/01/2019 - 12/31/2019 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. As such, other direct expenses not on the list can also be deducted. However, if it fails to meet the pioneer classification, it can likewise opt to be an export-oriented firm to qualify for BOI registration. South Harbor, Port Area, Manila, Customs Memorandum Circular (CMC) 2018 and older, Philippine Trade Facilitation Committee (PTFC) Roadmap, R.A.10863 Customs Modernization and Tariff Act, Environmental and Social Management Framework, Guide to Understanding the Reference Values. Copy of latest audited financial statement and updated quarterly reporton operations, 12. The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . Revocation/De-listing of Customs Accreditation as Importer as of May . Industries most often affected by government incentives in country Technology, Media & Telecom Financial Services Purpose: We would like to express our intention to offer our Services to all company inside Technopark. Our thought leadership materials provide useful information about emerging issues and possible solutions to your business needs. South Harbor, Port Area, Manila, Customs Memorandum Circular (CMC) 2018 and older, Philippine Trade Facilitation Committee (PTFC) Roadmap, R.A.10863 Customs Modernization and Tariff Act, Environmental and Social Management Framework, Guide to Understanding the Reference Values, List of Registered Balikbayan Box Deconsolidators with corresponding Consolidators as of September 22, 2017, List of Registered Balikbayan Box Deconsolidators with corresponding Consolidators as of August 30,2017, List of Registered Balikbayan Box Deconsolidators with corresponding Consolidators as of August 10, 2017, List of Registered Balikbayan Box Deconsolidators with corresponding Consolidators as of July 31,2017, List of Registered Balikbayan Box Deconsolidators with corresponding Consolidators as of July 24, 2017, List of Registered Balikbayan Box Deconsolidators as of June 30, 2017, List of Balikbayan Box Deconsolidators with Pending Registration Application as of June 30, 2017, List of Importers with Outdated Contact Information, List of Importers and Brokers under Investigation, Revocation/De-listing of Customs Accreditation as Importer as of May 05, 2017, Revocation/De-listing of Customs Accreditation as Importer as of May 12, 2017, Revocation/De-listing of Customs Accreditation as Importer as of August 04, 2017, AMO Approved Applications For Brokers And Importers, Annual Submission For Importers, Brokers, PEZA-Registered Companies, Reminders When Applying for Accreditation, Requirements for PEZA Registered Companies, Requirements for Registration in the CPRS of Govt Entities & other exempt entities, Procedure in Case of Change of Circumstance. October 27, 2020. 2 - The order implementing Freedom of Information in the Philippines. LIST OF OPERATING REGISTERED ENTERPRISES As of 30-Sep-2019. Number of manufacturing companies in PEZA registered zones in the Philippines from 1990 to 2016 [Graph]. Purpose: Market Research 10. Let us help you manage your legal and regulatory needs so you and your staff can focus your attention on where it matters most your core business. The views or opinions expressed in this article are solely those of the author and do not necessarily represent those of Isla Lipana & Co. Date of Coverage: 10/03/2019 - 10/07/2020 February 07, 2023. FOR REGULAR IMPORTERS AND CUSTOMS BROKERS. requests Date of Coverage: 11/15/2020 - 11/15/2020 Date of Coverage: 01/01/2020 - 12/31/2022 Tracking no: #PEZA-381719740789, Requested from PEZA by M. Vista at 02:47 PM on Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing. At the end of the first quarter of 2019, PEZA announced that its economic zones will be converted into townships, with the Mactan City Economic Zone to be set as an example. Qualified entities registered with the Clark Development Corporation and located in the Clark Freeport Zone are entitled to similar incentives. 2020 - 016 dated 23 March 2020, PEZA-registered companies that decide to remain operational as well as PEZA-registered Ecozone Developers/Operators are further advised to immediate implement COVID-19 prevention measures such as: Ecozone developers shall regularly disinfect the economic zone's premises. Get full access to all features within our Business Solutions. 9. Profit from the additional features of your individual account. Based on the latest Tholons 2019 Report, Manila still places at the 2nd spot in the Top 100 Super Cities, next to Bangalore. If any, Parent companys latest volume and value of sales, net income, total assets, and number of employees, if applicable, Outsourcing industry absolutely booming, Outsourcing industry recovery could be starting, survey indicates, Doom or boom faces the IT-BPM industry (part 2), The Chinese Antidote to a Covid-battered Philippines, Philippines' back-to-office order unsettles call centers, BPO industry in Philippines seen benefitting as firms abroad cut costs due to pandemic. There are also 139 ecozones under development with 99 of them being IT parks and centers. Learn more about the Executive Order No. Tracking no: #PEZA-325162217575, Requested from PEZA by C. Dela Cruz at 11:29 AM on They can now live a comfortable life and even spend more time on recreation, bonding with their families, and developing their passion. RR No. It is formed with the continuous aim to encourage foreign investors to generate employment and establish linkage to different industries in the Philippines. 03 dated 27 July 2022, which were issued by the Office of the President through Executive Secretary Victor D. Rodriguez. Browse over 546 The economic zone started to thrive in 2013, with the rise of expansions of business process outsourcing firms such as Sitel. 225266, Nov. 16, 2020). Tracking no: #PEZA-039125701044, Requested from PEZA by M. Layson at 08:22 PM on PEZA explained that this scheme is not new and they have been issuing Letters of Authority (LOAs) to its interested registered enterprises applying for a hybrid operation prior to the COVID-19 pandemic. PEZA is also the Philippine government agency tasked to extend assistance, register, grant incentives to and facilitate the business operations of investors in export-oriented manufacturing and service facilities inside selected areas throughout the country proclaimed by the President of the Philippines as PEZA Special Economic Zones. Purpose: College research purposes (October 15, 2017). Perhaps what could be relevant to the export enterprises is how the tax regulators will treat the deductible expenses in computing the 5% SCIT under the implementing guidelines. November 18, 2020. It oversees and administers incentives to developers/operators of and locators in world-class, ready-to-occupy, environment-friendly, secured and competitively priced Special Economic Zones. While the law has drawn flak from export-oriented enterprises due to the sunset provision on existing tax perks, it was still able to address the inconsistent tax benefits from the IPAs. These are: 1. FIRB denied multiple requests from PEZA, industry body IT & Business Process Association (IBPAP), and other concerned organizations to extend IT-BPOs remote working operations and mandated all businesses to go back to on-site work starting April 01, 2022, or risk losing their tax incentives and benefits that are given by the government. Purpose: Research In PEZA MC No. of affected workers and status of all product line indicating the following: - Total No. ", ASEAN, Number of manufacturing companies in PEZA registered zones in the Philippines from 1990 to 2016 Statista, https://www.statista.com/statistics/900981/philippines-manufacturing-companies-in-peza-registered-zones/ (last visited March 01, 2023), Number of manufacturing companies in PEZA registered zones in the Philippines from 1990 to 2016 [Graph], ASEAN, October 15, 2017. 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