There are still employers and employees who are clueless about Presidential Decree No 851, the law mandating 13th month pay to all wage-earners or salaried personnel, whether daily-paid, wage-earner, ...
The 13th Month Pay and other benefits are tax-exempt up to a total of PHP90,000 (US$1,526). This threshold applies to combined benefits, including bonuses, incentives, and other non-taxable income.
In the Philippines, December doesn’t just mean Christmas parties, Kris Kringles, and raffles. The holiday season brings a unique tradition: the 13th month pay and Christmas bonus. *cue “Christmas ...
et's not lie: the 13th month pay is one of the best gifts of the holidays. So let's cut to the chase: here are some tips to preserve that bonus and make sure you still have some of it left over after ...
MANILA, Philippines — By this time, you probably already got your 13th month pay. You’ve been looking forward to it since November, and you’re going to make sure it helps solve some of your ...
BARELY 10 days before the deadline, the Bureau of Working Conditions (BWC) is calling on all employers to provide their employees with the timely and correct amount of 13th month pay. In a social ...
MANILA – The Department of Labor and Employment (DOLE) appealed to private sector employers not to wait for the Dec. 24 deadline in releasing the 13th month pay of their workers. Labor Secretary ...
This year, I recently got my first work as a finance analyst in a company in Quezon City. As the holiday season approaches, one of the common topics among my workmates is the 13th-month pay. I am ...
For those among us who have received their 13th month pay or Christmas bonus, we should prioritize paying your debts or setting it aside for emergency expenses, according to a financial advisor.
The Department of Labor and Employment (DOLE) reminded employers to release the mandatory 13th month pay of their employees on or before December 24 (Christmas Eve). In a labor advisory ...