Rappler's latest stories on 13th month pay
Part of adulting is learning how to spend your Christmas bonus wisely
The claim is posted on Adobo Chronicles, which claims to be a satire blog
This is not yet final, as the House and the Senate have to first approve the bicam version of the tax reform bill before it can be signed by President Rodrigo Duterte
December is here! How are you planning to spend your Christmas bonus?
Under the new Department of Finance proposal people earning P250 000 and below a year will no longer be taxed in addition to the P82 000 ceiling of 13th month pay
Did the proposal to lower income taxes really have a fighting chance to become law had the 13th month pay bill not reached the President s desk first?
13th month pay does not include other allowances and extra payments for employees who work overtime
Gov t also sets a moratorium on the implementation of the Labor Laws Compliance System in NCR
And are all 13th month pay and bonuses exempted from income tax starting this year?
The exclusion from gross income is not applicable to self employed individuals and income generated from business says the Bureau of Internal Revenue
10 more are quarantined for MERS symptoms Ex police chief Purisima moves out of Crame Egypt frees Al Jazeera journalists
Is tax holiday related to the fiscal incentives granted to some businesses? Also will a middle income employee benefit from the proposed increase in 13th month pay exemption?
The Senate which has passed the bill on second reading views the measure as a timely Christmas gift for hard working Filipinos
Full text of Senate President Pro Tempore Ralph Recto s co sponsorship speech on the bill seeking to raise to P75 000 the amount of 13th month pay that is exempted from taxes
Raising the cap will result in billions of pesos in foregone revenues that government can use for social services says the Finance department
Drilon says Congress will prioritize a bill raising the tax exemption cap on the 13th month pay to P75 000 from P30 000