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House mulls higher tax-exempt ceiling for bonuses

By
Romero Quimbo

The House of Representatives is looking to raise the tax-exempt amount of workers’ bonuses to P40,000 up to P75,000, despite warnings from finance officials the revenue loss to the government would be at least P10 billion.

Posted: May 19th, 2014 in Latest News Stories,Nation | Read More »

COA finds P204M in misdeclared Commission on Appointments bonuses

By
The Commission on Audit. INQUIRER FILE PHOTO

Members and staff of Congress’ powerful Commission on Appointments (CA) enjoyed a bounty of allowances in 2012, including P204 million in extra benefits erroneously classified as maintenance and operating expenses in official records, according to a Commission on Audit (COA) report.

Posted: March 28th, 2014 in Latest News Stories,Nation | Read More »

Congress eyes higher tax exemption cap on bonuses

By
drilon-1221

Congress has agreed to pass a measure that would raise the tax exemption cap on the 13th month pay, Christmas bonus and other work benefits, Senate President Franklin Drilon said on Tuesday.

Posted: February 18th, 2014 in Latest News Stories,Nation | Read More »

DOT execs, workers told to return bonuses

By
The Commission on Audit. INQUIRER FILE PHOTO

State auditors have asked officials and employees of the Department of Tourism (DOT) to return P162.4 million in bonuses and allowances they received in 2011 and 2012.

Posted: January 27th, 2014 in Latest News Stories,Nation | Read More »

Palace puts P3M cap on GOCC execs’ pay, benefits

By
Presidential spokesman Edwin Lacierda: A board member of any GOCC can receive only up to P3 million annually, including bonuses and per diem. INQUIRER FILE PHOTO

The Aquino administration has put a cap on the total amount of compensation package that goes to top honchos of government-owned and -controlled corporations (GOCCs).

Posted: January 23rd, 2014 in Editors' Picks,Headlines,Nation | Read More »

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