The Philippine Department of Finance issued a release on 17 September 2021 regarding work-from-home authorization granted by the Fiscal Incentives Review Board (FIRB) for Information Technology Business Process Management (IT-BPM) enterprises in economic zones (ecozones) due to COVID-19. This involves certain tax obligations in relation to equipment and assets taken outside the ecozones for work-from-home arrangements, including that such equipment and assets must be covered by a bond equal to 150% of the amount of taxes and duties and VAT to ensure payment of the taxes if the equipment and assets are not returned to the ecozones. --- FIRB grants...