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According to Presidential Decree No. 851, an employer is mandated by law to give his employees thirteenth month pay. The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. [11] The thirteenth month pay is exempted from being taxed by the government.
May 11 – Irha Mel Alfeche of Matanao, Davao del Sur is crowned Miss Philippines Earth 2024 in the pageant's coronation event held in Talakag, Bukidnon. [423] May 22: Chelsea Manalo of Bulacan is crowned Miss Universe Philippines 2024 in the pageant's coronation night held at the SM Mall of Asia Arena in Pasay. [424]
In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. [11] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ".
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Image Name Term Began Term Ended President Secretary of Labor: 1 Ramon Torres: December 8, 1933 November 15, 1935 Insular Government (American occupation)
November 28, 2024 [77] 79 Establishing the Mahalin At Kalingain Ating Mga Bata (MAKABATA) Program, and institutionalizing the MAKABATA helpline 1383 December 6, 2024 [78] 80 Implementing the Philippine schedule of tariff commitments under the Philippines-Korea Free Trade Agreement, and modifying the rates of import duty on certain imported articles
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