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COA finds P204M in misdeclared Commission on Appointments bonuses

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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

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Senate President Franklin Drilon: Decentralize. INQUIRER FILE PHOTO

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

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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

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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 »

PCSO appeals refund of P54M bonus

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PCSO-L

The Philippine Charity Sweepstakes Office (PCSO) said it would appeal the decision of state auditors to disallow more than P54-million worth of bonuses the agency granted to its officers and employees in 2012 but it will comply with the “final verdict” of the Commission on Audit (COA).

Posted: January 20th, 2014 in Latest News Stories,Nation | Read More »

COA rejects PhilHealth plea on P88-M bonuses

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The Commission on Audit. INQUIRER FILE PHOTO

The Commission on Audit (COA) is standing pat on its decision disallowing the extra compensation, bonuses and allowances that officials and employees of the Development Bank of the Philippines (DBP) and the Philippine Health Insurance Corp. (PhilHealth) rewarded themselves between 2003 and 2006.

Posted: January 18th, 2014 in Editors' Picks,Featured Gallery,Headlines,Nation,Photos & Videos | Read More »

GOCCs defend P2.3B bonuses for employees

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An agency overseeing the compensation in government-owned and -controlled corporations (GOCCs) said the Commission on Audit (COA) had not issued a final notice of disallowance to 31 GOCCs that gave a total of P2.313 billion in bonuses and allowances to executives and employees in 2012.

Posted: January 16th, 2014 in Editors' Picks,Headlines,Nation | Read More »

Return bonuses, gov’t execs told

By
The Commission on Audit. INQUIRER FILE PHOTO

Officials and employees of 31 government-owned and -controlled corporations (GOCCs) have been ordered to refund the government all bonuses and allowances totaling P2.313 billion whose payment in 2012 was deemed unauthorized by the Commission on Audit (COA).

Posted: January 15th, 2014 in Editors' Picks,Headlines,Nation | Read More »

BIR urged to raise cap on tax-exempt 13th-month pay, bonuses, allowances

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Bureau of Internal Revenue building

Rank-and-file employees of the Department of Agrarian Reform (DAR) are petitioning Internal Revenue Commissioner Kim Henares to raise the ceiling of taxes levied on all perks and allowances, including the 13th-month pay.

Posted: December 19th, 2013 in Latest News Stories,Nation | Read More »

Tax on bonuses, perks applies to all, says Henares

Internal Revenue Commissioner Kim Henares: Not a priority. INQUIRER FILE PHOTO

Internal Revenue Commissioner Kim Henares on Thursday clarified that the law that taxes benefits and perks, including the 13th-month pay exceeding P30,000, is applied to all employees, whether they are union or non-union members.

Posted: December 13th, 2013 in Latest News Stories,Nation | Read More »

Gov’t employees decry tax on union perks

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After climbing the ring with Manny Pacquiao to contest part of the boxing champion’s multimillion-dollar prize winnings, the taxman is snatching a bite from the meager bonuses and allowances of 1.7 million government employees.

Posted: December 12th, 2013 in Editors' Picks,Headlines,Nation | Read More »

What Went Before: Fat bonuses granted to execs of 20 state firms

SSS president and CEO Emilio de Quiros Jr.PHOTO FROM ARCHIVES.PIA.GOV.PH

Executives of the Social Security System (SSS) were reported to have received a performance bonus of around P1 million each for 2012.

Posted: October 23rd, 2013 in Latest News Stories,Nation | Read More »

Oversight body granted bonuses despite violations

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A commission monitoring the pay of government corporations approved last year the grant of bonuses to directors of 20 state firms, including one that was used as conduit by dubious NGOs linked to the P10-billion pork barrel scam, although the executives did not post online their compensation package in violation of the law.

Posted: October 23rd, 2013 in Editors' Picks,Headlines,Nation | Read More »

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