Wednesday, September 28, 2022

Villanueva: Allow Work-From-Home Arrangements For Companies In Ecozones

MANILA MAGAZINE

Villanueva: Allow Work-From-Home Arrangements For Companies In Ecozones

Spotlight

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Senator Joel Villanueva is pushing for a measure allowing businesses registered in investment promotion agencies to adopt a Work-from-Home (WFH) arrangement for their employees while maintaining their tax and fiscal incentives.

The allowance for companies in the Information Technology- Business Process Management (IT-BPM) sector operating in ecozones to adopt a WFH arrangement covering 30% of its workers is set to expire on September 12, 2022.

Villanueva filed Senate Bill No. 135, also known as the “Work-from-Home in Ecozones” bill, amends Republic Act No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), to allow registered business enterprises in economic zones and freeports to enter into voluntary hybrid work arrangements without losing their tax incentives.

“Many of our kababayans who have experienced the work-from-home setup are now choosing to resign from their jobs because of the cost in time, money and effort if they are forced to work on-site,” he added.

According to the IT & Business Process Association of the Philippines, the WFH arrangement facilitated the creation of 23,000 new jobs in 2020, and another 100,000 new jobs in 2021, with revenues increasing by around 12% in 2021, reaching a total of $28.8 billion or around P1.505 trillion.

“When we passed the Telecommuting Act, one of the issues it aimed to address was decongesting our roads due to the worsening traffic situation in the country. Three years after its passage, the WFH Law became pivotal as the Filipino labor force shifted to alternative modes of work, especially online, because of the nationwide lockdown brought about by the COVID-19 pandemic,” the Senator said.

Villanueva was the principal sponsor of the Republic Act No. 11165 of the Telecommuting Act in the 17th Congress, which was passed into law in 2018.

“Kapag hindi pa rin tayo handa sa Fourth Industrial Revolution at nakatali ang ating mga insentibong pangnegosyo sa regulasyong hindi na angkop sa panahon, lalo pong mapag- iiwanan ang bansa at mahihirapan po tayo,” Villanueva said.

Aside from the Work From Home in Ecozones bill, the Senator also filed the Adoption of Alternative Work Arrangements Bill (Senate Bill No. 134) and the Freelancers Protection Bill (Senate Bill No. 136) this 19th Congress.

Source: http://www.senate.gov.ph

Latest News

Spotlight

The Talk

More Stories

Department Of Health Ramps Up Vaccination In Ilocos Region

The Department of Health is set to open the “Bakunahang Bayan: PinasLakas Special Vaccination Days” to increase the Covid-19 vaccination rate in the Ilocos region.

Vice President Sara: China Inspires PH To Be Economically Aggressive

Vice President Sara Duterte emphasized that China became an inspiration for the Philippines to have a better economy.

Department Of Labor And Employment: 9K Aspirants Flock To 3-Day PH Tourism Job Fair

The Department of Labor and Employment recorded over 9,000 applicants were present during the three-day initial leg of the “Trabaho, Turismo, Asenso" job fair.

Over 66K Booster Doses Given On 1st Day Of Special Vax Week

The Department of Health was able to give more than 60,000 Covid-19 booster shots to residents in Visayas and Mindanao at the start of the Special Vaccination Week.

VP Sara Sends Prayers For Typhoon Victims After Meeting Japanese Prime Minister

After meeting with Japanese Prime Minister Fumio Kishida, Vice President Sara Duterte offered her prayers to those who were affected by Typhoon Karding.

Entertainment