New Tax Exemption Ceiling

On 12 February 2015, Philippine President Benigno S Aquino III signed into law Republic Act 10653. This amended the National Internal Revenue Code of the Philippines, effectively increasing the tax exemption allowance for other benefits (such as the 13th month pay, Christmas bonuses and other incentives) to a maximum of PhP82,000 (Eighty Two Thousand Pesos) […]
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Buy More, Save More – Not!

I go to the grocery every week to buy necessities.  I compare prices and tend to buy items which cost less in the long run – a 1-liter bag of cooking oil instead of 2 500ml bags; a 100g pack of instant coffee instead of a couple of 50g packs.  You get the idea. So […]
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Q&A: Service Incentive Leave

An employee (undsclosed firm/industry) sent an email yesterday asking about the number of Vacation Leave (VL) and Sick Leave (SL) credits someone  in a private firm is entitled to have or earn in a year. His previous employer allegedly gave him 20 days of VL and 10 days of SL per year, accrued monthly.  In […]
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Q&A: Night Shift Differential

I’ve been asked not a few times regarding Night Differential (aka Night Shift Differential or NSD) – its coverage and amount and/or percentage.  Some have sought clarification  because they understood, albeit in a different way, that any work done in the evening would be paid a corresponding fixed amount per hour of work until midnight.
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