THE Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act is expected to enhance the competitiveness of the information technology and business process management (IT-BPM) industry, an industry association said.
“This landmark reform directly addresses key industry concerns,” according to an IT and Business Process Association of the Philippines (IBPAP) statement issued Thursday, in response to the signing of the law’s implementing rules and regulations (IRR).
In particular, the industry group said that the law provides “a long-term legal basis for work-from-home (WFH) and hybrid work arrangements for registered business enterprises (RBEs) located in economic zones (ecozones) and freeports.”
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