Purpose: Research and Planning Unfortunately, for a PEZA registered entity the list to close or delist a registered activity is long. December 04, 2020. Chart. Certified list of machinery/equipment, raw materials, properties and other inventory to be disposed of, indicating its total book value. Wait for receipt of Board Resolution. requests Purpose: Feasibility study Total No. Under the implementing rules of R.A. 9400, which were issued by the Department of Finance (DoF) in February 2008, enterprises registered with SFZ and CFZ canonly claim those expensesthat are enumerated in the list as deductions in computing the 5% GIT incentive. Considering that the tax regulators are still in the process of drafting the implementing guidelines of the new tax incentives law, I believe that this is the perfect time to revisit the deduction rules for the other ecozone locators and align them with the PEZA rules. Tax Deadlines for 2023 in the Philippines. It is formed with the continuous aim to encourage foreign investors to generate employment and establish linkage to different industries in the Philippines. This is so that company officials wont have to travel in and out of the ecozones, and workers will have the chance to live, learn, work and play. 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. Purpose: Market research Updated PEZA registration c. Mayors Permit and Proof of lawful occupancy of office 632-8705-6000 OFFICE OF THE COMMISSIONER G/F OCOM Building, 16th Street Browse all agencies or ask us. December 03, 2020. PEZA registration is available to the following sectors: In an effort to promote the IT industry in the Philippines, PEZA and DTI encourage more foreign tech businesses to invest in the country. tower abacare data services . Date of Coverage: 08/29/2020 - 08/29/2020 This means that the regular ratio of 10% remote work and 90% on-site work arrangements for registered IT-BPO firms were canceled and member companies were allowed to 100% operate remotely. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. After that, they are subject to 5% tax on gross income (sales less direct costs) in lieu of all local and national taxes. Many foreign companies setting up export enterprises in the Philippines such as outsourcing and offshoring operations may opt to register withPEZAfor tax incentives. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). A total of 297 of them are IT parks and centers. August 29, 2020. Updated General Information Sheet and company profile; the company or trade profile in case of sole proprietors or individuals, b. Date of Coverage: 10/01/2020 - 10/21/2020 Companies registered with the Philippine Economic Zone Authority (PEZA) may be entitled to income tax holidays of four, six, or eight years. Tracking no: #PEZA-003755300999, Requested from PEZA by Y. LACANLALE at 02:51 PM on Purpose: Compliance requirements To date, the fully-occupied CEZ has around 426 companies. The Baguio City Economic Zone is one of the three ecozones in the famous tourist destination, aside from John Hay Economic Zone and the SM Cyberpark. 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. Date of Coverage: 02/07/2023 - 02/07/2023 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. Copy of Board Resolution declaring the cancellation of operations and its authorized representative to handle the disposition of all properties, 6. 11-05 are non-exclusive (G.R. 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. These are: 1. The Philippine government was particularly worried about call center workers and other graveyard shift employees as they have a lower immune system than employees in other industries. October 27, 2020. 01 dated 30 June 2022 and Memorandum Circular No. There are also 139 ecozones under development with 99 of them being IT parks and centers. PEZA registrants must generally be export-oriented. Purpose: Research purposes According to the high court, the BIR would not have changed the original regulation if the intention was to keep the list exclusive. 2-05 provided an exclusive list of deductible expenses, which can be treated as direct costs. However, the BIR subsequently issued RR No. List of Importers with Outdated Contact Information. November 17, 2020. Application for PEZA Visa (PV) Application Form Application Form for Accreditation as Residual Waste Hauler (RWH) Application Form Brief on PEZA Awards Application Form Building Permit and/or Ancillary Permits Requirements Checklist Certificate of Completion (Civil Works) Relevant Forms Certificate of Completion (Electrical Works) Relevant Forms February 09, 2023. G/F OCOM Building, 16th Street Tracking no: #PEZA-750365745167, Requested from PEZA by S. Abad at 04:09 PM on Any changes can be easily incorporated since it will only require an amendment of the DoF rules at the administrative level and not the legislative law itself. February 07, 2023. Go at 10:13 AM on 2010 Tracking no: #PEZA-325162217575, Requested from PEZA by C. Dela Cruz at 11:29 AM on ("IT Service Activities" are activities which involve the use of any IT software and/or system for value addition). Not only will it buttress government efforts to attract foreign investment, especially during a period of economic uncertainty, but also eliminate any double standard in our tax system, thereby realizing the purpose for which the CREATE Act was formulated in the first place. PEZA approval and specific incentives granted are on a case to case basis. BCDA and CDC aim for it to be a hub of business, lifestyle, leisure, and modernity. Learn more about the Executive Order No. Purpose: Research for Prospective Clients Date of Coverage: 11/23/2020 - 11/23/2020 Updated General Information Sheet and company profile in case of corporations; the company or trade profile in case of cooperatives, partnership and sole proprietors b. The Mactan Economic Zone, formerly known as Mactan Export Processing Zone, is a 119-hectare economic zone located in Cebu. Copy of notice to all affected employees/workers before the effectivity date of cancellation/delisting or temporary closure of operation. Tracking no: #PEZA-679557603750, Requested from PEZA by N. Villalobos at 09:16 AM on As a Premium user you get access to background information and details about the release of this statistic. Notarized undertaking signed by the highest responsible official stating that: all terminated/affected workers/employees will be paid of all monies due them, 5. However, if it fails to meet the pioneer classification, it can likewise opt to be an export-oriented firm to qualify for BOI registration. Purpose: Marketing Campaign and Sales Lead Generation Date of Coverage: 01/01/2018 - 08/18/2020 Tracking no: #PEZA-739209075803. Learn more about the Executive Order No. Date of Coverage: 01/01/2020 - 12/04/2020 These have evolved from PEZA's 16 registered economic zones and 331 locator companies. They can now live a comfortable life and even spend more time on recreation, bonding with their families, and developing their passion. In terms of capital, a total of $200 million in investments and $2.73 billion in exports were recorded in 1994 - by . Date of Coverage: 02/07/2022 - 02/07/2023 These are: 1. For easy reference, below is the list of reporting requirements and deadlines set by the PEZA Implementing Rules and Regulations (IRR): Types of reports. Date of Coverage: 01/01/1960 - 02/27/2023 LIST OF OPERATING REGISTERED ENTERPRISES As of 30-Sep-2019. Tracking no: #PEZA-381719740789, Requested from PEZA by M. Vista at 02:47 PM on Cruz, City of Sta. Purpose: Thesis purposes Purpose: Research Purpose: Research and study All content is in the public domain unless otherwise stated. Browse over 546 requests from this government agency, Requested from PEZA by K. Fernandez at 03:43 PM on In some cases, PEZA may approve the sale of up to 30% of production in the domestic market. Purpose: Marketing Campaign and Sales Lead Generation 0% Local purchases of goods and services. In its ruling, the SC confirmed the non-exclusivity of the list of allowable deductions for purposes of computing PEZA-registered enterprises' 5% gross income tax. Joel Roy Navarro November 24, 2020. statistic alerts) please log in with your personal account. IT-enabled services such as data entry, transcription, call center, etc. March 01, 2023. Purpose: Research Paper As of November 2021, there are 415 operating ecozones in the country. Such an option is available for as long as the taxpayer has not received a letter of authority from the BIR to conduct a tax audit of the tax return that will be amended. January 30, 2023. October 21, 2020. Learn more about the Executive Order No. Tracking no: #PEZA-917911053373, Requested from PEZA by K. Vosotros at 02:51 PM on Show publisher information We also provide some thoughts concerning compliance and risk mitigation in this challenging environment. While the SC decision is an obvious victory for PEZA-registered companies, there is still a question on whether this position can also be applied to the export-oriented entities operating in other ecozones such as the Subic Freeport Zone (SFZ) and Clark Freeport Zone (CFZ). OA's Zoom room is open! 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. All rights reserved. List of PEZA-registered Companies of 2020 Requested from PEZA by N. de Leon at 01:08 PM on October 26, 2020. Tracking no: #PEZA-744698950027. Generally, PEZA follows a 7-step registration process: Submit application documents for pre-screening. February 07, 2023. The go-to source for outsourcing information, news and guides, Thousands of news articles covering the entire industry, The leading remote work and outsourcing podcast, Read hundreds of articles on everything outsourcing, Ultimate guides to the outsourcing industry, Find out what you can save: 3 quotes, expert insight, 2,300+ BPOs. Aside from the alignment of the tax incentives, the law still allows qualified enterprises to avail of the Income Tax Holiday (ITH) and a Special Corporate Income Tax (SCIT) rate of 5% after the ITH period. Tracking no: #PEZA-632456910195, Requested from PEZA by S. Abad at 11:15 AM on Purpose: Research purposes only Existing and/or proposed business activities and projects, Affiliated Bureau of Investments (BOI)-registered companies, Audited Financial Statements for the past 3 years, Board Resolution for authorization of PEZA application and designation of a representative, Detailed list of equipment, including country of origin, capacity, and costs, Detailed list of materials, including sources and prices, Principal officers and corresponding bio-data, Matrix of employees with salary and position, Latest Audited Financial Statement. It takes the same position as BIR RR 2-05. 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. Enterprises that are registered with the Subic Bay Metropolitan Authority (SBMA) or . It specifically provides the conduit between Philippines outsourcing suppliers and the businesses - clients - across the globe. Date of Coverage: 11/17/2020 - 11/17/2020 Jan 06, 2022. Browse all agencies or ask us. All content is in the public domain unless otherwise stated. 4. Browse all agencies or ask us. Chat with an outsourcing expert today! Submit Pre-Registration requirements as stated in Board . 9. Tracking no: #PEZA-455795633926, Requested from PEZA by B. Asian Star Building DEVELOPMENT CORPORATION 0.00015% . 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. Date of Coverage: 01/01/2020 - 12/31/2022 Purpose: We would like to express our intention to offer our Services to all company inside Technopark. Annually the BOI, along with other government agencies, comes up with an Investment Priorities Plan (IPP). This also opens job opportunities for more Filipinos below the poverty line. An enterprise must register with PEZA and locate their operation in one of thePEZA zones, buildings, IT Parks, or Technology Parks to obtain tax breaks and incentives offered by PEZA. Each year, companies should be aware of the deadlines set by the various government agencies for filing taxes to avoid incurring any fines or penalties for the coming year. Purpose: Research and analysis PEZAs dynamic, responsive and client-oriented ethics have earned the trust and confidence of investors in its Special Economic Zones, the local business sector, and the foreign chambers of commerce in the Philippines. In this respect, the accounting rules that provide the proper classification of the cost of goods sold/service would help in determining the deductible direct costs. November 05, 2020. "Number of manufacturing companies in PEZA registered zones in the Philippines from 1990 to 2016." Date of Coverage: 11/02/2020 - 11/30/2020 [Online]. All corporations, partnership, cooperatives and sole proprietorships should also submit the following documents no later than 31 March of every year after accreditation, a. The agency will start its rebranding by April 30. TYPE OF # ENTERPRISE NAME NATIONALITY ZONE LOCATION ENTERPRISE 1 123 TEN, INC. [formerly: THE 52.76% - American; 21.11% I.T. It is no wonder that Metro Manila still has the largest number of IT parks in the Philippines. 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. Purpose: Sales and Marketing Surell 07:16 PM, Jan 17, 2022 October 14, 2020. 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. September 01, 2020. Date of Coverage: 01/01/2022 - 01/31/2023 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. Eligible firms shall qualify for registration as "Economic Zone Export Manufacturing Enterprise." 2. The SCIT is similar to the 5% gross income tax (GIT) under the previous incentive regime, which is computed based on the registered enterprises gross income. February 07, 2023. Access to this and all other statistics on 80,000 topics from, Show sources information On March 2, 2021, the Supreme Court handed down its decision on Commissioner of Internal Revenue vs. East Asia Utilities Corp. (G.R. List of affiliated companies registered with the Board of Investments (BOI) and copies of the Certificates of Registration with Terms and Conditions and annual reports submitted, if applicable. 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. December 01, 2020. This statistic is not included in your account. Date of Coverage: 01/01/2019 - 12/31/2019 03 dated 27 July 2022, which were issued by the Office of the President through Executive Secretary Victor D. Rodriguez. Purpose: Marketing To continue, select the name of the government agency you would like to request information from. Tracking no: #PEZA-543464981377, Requested from PEZA by R. Donsal at 08:30 AM on October 07, 2020. Date of Coverage: 01/01/2022 - 02/07/2023 As of 2016, the economic zone produced more than 12,000 employees from different sectors, with more than 8,000 attributed to BPOs. PEZA, in coordination with the local government, the Bases Conversion and Development Association (BCDA), and Clark Development Community (CDC), drove more foreign businesses to the country, including the BPO sector through the establishment of Clark Freeport Zone. February 23, 2023. September 21, 2020. Date of Coverage: 01/01/2021 - 12/31/2021 Or select the recommended agencies below: Not sure which one to send? A paid subscription is required for full access. Purpose: Research Copy of latest audited financial statement and updated quarterly reporton operations, 12. ASEAN. Of course, the amendment would also extend the statute of limitations for the BIR to audit the return, so this must also be considered against the potential tax savings. Tracking no: #PEZA-123691204324, Requested from PEZA by I. Buenaflor at 09:35 AM on Tracking no: #PEZA-072524404163, A government agency tasked to promote investments, generate exports, and create employment by granting incentives and assistance to investors in PEZA Economic Zone. In January 2019, President Rodrigo Duterte signed the proclamation creating another special economic zone in Cavite named the Cavite IT ecozone or VistaHub BPO Molino. Tracking no: #PEZA-927821369600, Requested from PEZA by P. Samson at 11:25 AM on tower e-square i.t. Tracking no: #PEZA-711622487992, Requested from PEZA by W. Apuya at 02:33 PM on (October 15, 2017). park cebu i.t. Letter request stating reason/s effectivity date, 2. Register in seconds and access exclusive features. Tracking no: #PEZA-938385708669, Requested from PEZA by J. Vargas at 04:39 PM on of administrative personnel . February 21, 2023. Total No. Purpose: Research and development for Port Charges. Posted on October 13, 2020 by Outsource Accelerator. Date of Coverage: 12/01/2020 - 12/01/2020 225266). If you are an admin, please authenticate by logging in again. 11-05 arenon-exclusive(G.R. 2 - The order implementing Freedom of Information in the Philippines. Date of Coverage: 01/01/2023 - 02/15/2023 Industries most often affected by government incentives in country Technology, Media & Telecom Financial Services However, implementing a permanent hybrid work scheme was questioned by other organizations, specifically the Fiscal Incentives Review Board (FIRB). Full foreign ownership of a PEZA enterprise is allowed, provided they are not engaged in activities that appear on theForeign Investment Negative List. List of Importers and Brokers under Investigation. Purpose: Architectural Thesis Date of Coverage: 01/01/2015 - 02/21/2023 For the interested registered enterprises in the IT-BPO sector, these requirements include the following: Upon completion of the given requirements, the application will then be evaluated and submitted to the PEZA Board for approval. Further, it is highly recommended that the income tax holiday (ITH) validation has been secured by the PEZA registered entity prior to its closure. As the agency that grants tax incentives to registered business enterprises, FIRB argued that wfh arrangements violates the conditions given to the IT-BPO sector for them to keep their tax breaks. philippine economic zone authority list of enterprises with approved investments as of 31-dec-2018 enterprise name zone location 1 & 1 internet (philippines), inc. cebu i.t. "Number of Manufacturing Companies in Peza Registered Zones in The Philippines from 1990 to 2016. from this government agency, Requested from PEZA by M. Lagos at 04:56 PM on Founded in 1980, Cavite Economic Zone was developed in five phases, which consist mostly of industrial power plants and sewerage facilities. To continue, select the name of the government agency you would like to request information from. 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. Unit 1210 Highstreet South Corporate Plaza Tower 2. January 30, 2023. 2-05 and 11-05). Purpose: College research purposes 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.
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