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15 ROHQs left under TRAIN Law — PAMURI

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Fifteen regional operating headquarters (ROHQS) have left the Philippines following the “aggressive” interpretation of the Bureau of Internal Revenue on their preferential tax rate under the TRAIN Law.

Celeste Ilagan, executive director of the Philippine Association of Multinational Companies Regional Headquarters Inc. , quoted the Board of Investments that 10-15 ROHQs plus a couple of new entrants have left after the TRAIN Law. Some of them went back to Singapore, North America and in their other centers globally, making it easier for them to move work from one center to another.

“This came from BOI but I don’t know if they did exit interviews but this happened after the TRAIN Law was passed,” she said. ROHQs lost their 15 preferential tax on their highly specialized workers. She explained that ROHQs were hit by the TRAIN Law when one of their incentives was removed because of the aggressive interpretation of the BIR.

 

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