Daily Star logoBusiness

Bacolod City, Philippines Saturday, March 3, 2018
Front Page
Star Business
Star Life
People & Events
Removal of ICT incentives
unlikely under new tax law


Senator Sonny Angara yesterday allayed fears that incentives enjoyed by the Information and Communication Technology industry will be removed when Congress acts on the second phase of the Tax Reform for Acceleration and Inclusion, or TRAIN law.

“I don’t think there is any need for fear from the stakeholders of the ICT industry because it is a growth industry,” Angara said at a press conference at the SMX Convention Center in Bacolod City.

The ICT industry is a big job provider, Congress will be very objective in measuring incentives, he said.

“We want to incentivize those that produce jobs that increase incomes,” he said, noting that starting salaries in the ICT industry are from P15,000 to 20,000 with prospects of increasing.

Angara said the opposite might even happen. More incentives will be given to the ICT industry because it is growing and has a huge potential.

ICT jobs can be linked to any industry and in the future more people working freelance and onlinewill be increasing, he added.*CPG


back to top

Button‘PUJ fare increase necessary’
ButtonRemoval of ICT incentives unlikely under new tax law
ButtonNegOcc to step up tourism promotion

ButtonEDC posts P33.3B consolidated revenues