Search results
Results from the WOW.Com Content Network
Special non-working holiday pay If an employee works on August 21 (Ninoy Aquino Day), November 1 (All Saints' Day), and/or December 31 (Last Day of the year), his wage will be: for first eight hours of work – plus thirty percent (30%) of the daily rate; for excess of eight hours of work – plus thirty percent (30%) of hourly rate on said day
Argentina: two equal instalments, by 30 June and 18 December. The amount of each of these payments is equal to half of the highest monthly wage in the preceding six months. [30] Bolivia: tax-free, up to one month's wages. A 14th-month bonus is mandatory as a holiday bonus if GDP growth is over 4.5 percent.
Those who would have report to work if not for the holiday but did not render work are paid their regular rate. Employees required to work due to their nature of their work are paid extra of their daily rate and cost of living daily allowance depending if the holiday is a regular (200%) or a special non-working holiday (130%). [1]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
With this large pool of available workers, the Philippines has more than 38 million people that belong to the labor force which is one of the largest in the world almost making it to the top ten notwithstanding a relatively mediocre participation rate of 64.5%. [3] The labor force has consistently grown by an average 2% for the past three years ...
On July 25, 1987, President Corazon Aquino promulgated the Administrative Code of the Philippines. [1] Chapter 9 of this code specified a list of ten nationwide regular holidays and two nationwide special days and provided that the President may proclaim any local special day for a particular date, group or place.
Percentage tax is a business tax imposed on persons or entities/transactions: who sell or lease goods, properties or services in the course of trade or business and are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed Php 3,000,000 ...
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.