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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Paternity Leave Act of 1996

REPUBLIC ACT NO. 8187 AN ACT GRANTING PATERNITY LEAVE OF SEVEN (7) DAYS WITH FULL PAY TO ALL MARRIED MALE EMPLOYEES IN THE PRIVATE AND PUBLIC SECTORS FOR THE FIRST FOUR (4) DELIVERIES OF THE LEGITIMATE SPOUSE WITH WHOM HE IS COHABITING AND FOR OTHER PURPOSES. Be it enacted by the Senate and House of […]
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Retirement Pay for Private Sector Employees

REPUBLIC ACT NO. 7641 AN ACT AMENDING ARTICLE 287 OF PRESIDENTIAL DECREE NO. 442, AS AMENDED, OTHERWISE KNOWN AS THE LABOR CODE OF THE PHILIPPINES, BY PROVIDING FOR RETIREMENT PAY TO QUALIFIED PRIVATE SECTOR EMPLOYEES IN THE ABSENCE OF ANY RETIREMENT PLAN IN THE ESTABLISHMENT   SECTION 1.    Article 287 of Presidential Decree No. 442, […]
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