Aug 2, 2017 @ 10:26

The Departments of Labor and Employment and Trade and Industry have drawn up guidelines for the accreditation of corporations within the garment industry for tax holidays.

Signed final week by secretaries Silvestre Bello III (DOLE) and Ramon Lopez (DTI), the order goals to assist native garments corporations conform to worldwide labor requirements.

Bello mentioned the joint guidelines prescribe insurance policies on the issuance, suspension or revocation of certificates of accreditation to corporations engaged within the native garments.

A tax vacation is a preferential tariff scheme that enables duty-free entry or “zero tariffs” for merchandise exported to different international locations.

Under the joint order, the eligibility for market entry will likely be granted to agency or contractor that has secured from the DTI Accrediting Board (DAB) a Certificate of Accreditation for complying with labor requirements.

The issuance of the Certificate of Accreditation relies on the findings of the Workers’ Rights Review Committee, which is able to conduct an audit of compliance.

WRRC will embrace 4 members representing the DOLE, who will act as Committee Chair; a delegated consultant from the DTI, who will act as Vice-Chair; and one consultant every from the labor and employers sector.

Accreditation could also be suspended or revoked if a agency or contractor fails to adjust to minimal labor requirements or when it engages into subcontracting to 1 not accredited by DAB.

Source: politics.com.ph