Davao new minimum wage rates to take effect Aug. 16
DAVAO CITY -- The approved P56 increase in Davao Region’s minimum daily wage will come in two tranches, with the first installment of P30 taking effect on Aug. 16.
BIR: Annual ITR deadline still April 15, but Q1 returns for self-employed is on...
By Elijah Joseph C. Tubayan, Reporter
THE Bureau of Internal Revenue (BIR) on Friday said the deadline of filing for annual tax returns is still...
K to 12 review finds declining test scores, skills mismatch
A SENATE committee reviewing the implementation of the K to 12 curriculum has called for measures to improve the basic education system and to better match school training with the skills in demand from industry.
DoLE outlines compliance requirements for OSH Law
THE Department of Labor and Employment (DoLE) is requiring all establishments to organize seminars on occupational safety and health (OSH), after the labor department released guidelines for OSH compliance last week.
Last phase of TPLEx to open this month
THE final phase of the Tarlac-Pangasinan-La Union Expressway (TPLEx) project is set to open this month, the Department of Public Works and Highways (DPWH) said.
DPWH feasibility study for Quezon-Bicol road due March
THE Department of Public Works and Highways (DPWH) said it has completed its feasibility study for the Quezon-Bicol Expressway (QBEx) and is looking to submit the documentation to the National Economic and Development Authority (NEDA) next month.
Duterte wants assurances SMC can pull off Bulacan airport project
PRESIDENT Rodrigo R. Duterte is seeking assurances that San Miguel Corp. (SMC) has the capacity to finance and build the Bulacan International Airport, after...
DPWH pushes for CALAX partial opening by Dec.
THE Department of Public Works and Highways (DPWH) is pushing for the completion the Laguna segment of Metro Pacific group’s Cavite-Laguna Expressway (CALAX) project by December despite construction delays caused by heavy rains.
No delay in April 15 tax deadline
THE Bureau of Internal Revenue (BIR) cannot delay the April 15 deadline for filing and payment of income tax returns (ITR) because the date is set in law, Finance Secretary Carlos G. Dominguez III said, and urged taxpayers to use electronic channels instead to avoid crowds and minimize exposure to COVID-19.
Premiums on group insurance: Taxable or non-taxable?
By Nadine E. Chan
FOLLOWING the issuance of Revenue Memorandum Circular (RMC) 50-2018, many tax treatment and procedural questions relating to the implementation of the TRAIN law, particularly on income and withholding tax, were clarified. However, there is one particular question which seems to have left tax practitioners with more questions than answers, and this is the tax treatment of premiums related to employee group health insurance.
Tax reform: Single tax rate on investment income?
By Ma. Lourdes Politado-Aclan
THE 50:30:20 rule is the most popular rule on how your income should be spent. According to various studies, you should reserve 50% of your income for essentials like rent, food and transportation, 30% for discretionary spending, and at least 20% for savings.
DoTr to keep Mindanao railway single track, keeps options open
THE Department of Transportation (DoTr) said it will proceed with a single-track and non-electrified system configuration of the Mindanao Railway Project, overruling appeals from the Davao Regional Development Council to adopt a two-track, electric configuration.