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Minimum wage rates in the Philippines vary from region to region, with regional wage boards established for each region to monitor economic activity and adjust minimum wages based on growth rates, unemployment rates, and other factors. [32] The Wage Rationalization Act, or Republic Act 6727, was enacted in 1989 and it is the ruling law ...
The exemption for minimum wage earners is retained in the revised tax system. Tax rates for individual taxpayers still follow the progressive tax system [6] with the maximum rate of 35%, and minimum rates of 20% (taxable years 2018 to 2022) and 15%
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$16.66 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 231 ] [ 232 ] [ 233 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
Lifting the mandated price ceilings on rice under Executive Order No. 39 (s. 2023) October 4, 2023 [42] 43 Adjusting the dividend rate of the Land Bank of the Philippines pursuant to Section 5 of Republic Act No. 7656 October 11, 2023 [43] 44 Establishing the "Walang Gutom 2027: Food Stamp Program" as a flagship program of the National Government
Article 99 of the Labor Code of the Philippines stipulates that an employer may go over but never below minimum wage. Paying below the minimum wage is illegal. [10] The Regional Tripartite Wages and Productivity Boards is the body that sets the amount for the minimum wage. In the Philippines, the minimum wage of a worker depends on where he works.
The Department of Labor and Employment (DOLE) was founded on December 8, 1933, by virtue of Act No. 4121 of the Philippine Legislature. It was renamed as the Ministry of Labor and Employment in 1978. The agency was reverted to its original name after the People Power Revolution in 1986. [4]
Modifying the Rates of Import Duty on Certain Agricultural Products Under Section 1611 of the Republic Act No. 10863, Otherwise Known as the Customs Modernization and Tariff Act January 15, 2021 [123] 124 Imposition of Mandated Price Ceiling on Selected Pork and Chicken Products in the National Capital Region February 1, 2021 [124] 125
The Philippine Statistics Authority (Filipino: Pangasiwaan ng Estadistika ng Pilipinas; PSA) is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and general affairs of the people of the Philippines, as well as enforcing the civil registration functions in ...