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DBM to pay out P36.2B for gov’t employees’ midyear bonuses

Over 1.5 million government employees will receive a total of P36.2 billion in tax-free midyear bonuses beginning May 15, the Department of Budget and Management (DBM) announced on Wednesday.   Budget Secretary Benjamin E. Diokno said the bonus, equal to one month's basic salary, would be given to personnel who rendered at least four months' work between July 1 last year and May 15, as well as those who were still in service by the middle of this month.   Also qualified for the bonus are workers in government offices who have "obtained at least a satisfactory performance rating in the applicable performance appraisal period," Diokno said. ---Ben O. De Vera...Keep on reading: DBM to pay out P36.2B for gov’t employees’ midyear bonuses.....»»

Category: newsSource: inquirer inquirerMay 9th, 2018

COA flags P345-M PAGCOR allowances, bonuses

MANILA, Philippines – The Commission on Audit (COA) has flagged a total of P345.825 million worth of bonuses or allowances released to officials and employees of the Philippine Amusement and Gaming Corporation (PAGCOR), for either being in excess or in violation of rules. COA's findings ........»»

Category: newsSource:  rapplerRelated NewsJul 18th, 2018

Supreme Court rules government allowances, benefits subject to tax

THE Supreme Court, sitting en banc, has upheld a Bureau of Internal Revenue (BIR) memorandum which held that allowances, bonuses, and other benefits given to government employees are subject to tax......»»

Category: financeSource:  bworldonlineRelated NewsJul 4th, 2018

SC: State workers bonuses taxable

THE Supreme Court has affirmed the validity of the Bureau of Internal Revenue (BIR) regulation subjecting non-taxable benefits of government employees such as allowances and bonuses to withholding tax. In a media briefer, the SC Public Information Office said the Court voted unanimously to affirm the validity of Sections III,….....»»

Category: newsSource:  journalRelated NewsJul 4th, 2018

Supreme Court rules: Gov’t workers allowances shall be taxed

MANILA, Philippines – The Supreme Court (SC) has ruled that all income received by government employees, including allowances, bonuses and incentives, shall be taxed. “The Court directed that this Decision be applied prospectively,” the SC said in an announcement on Wednesday, July 4. The High Court ruled ........»»

Category: newsSource:  rapplerRelated NewsJul 4th, 2018

Quality of public service factored in performance-based bonuses

THE DEPARTMENT of Budget and Management (DBM) has included the streamlining of government processes among the targets for the granting of performance-based bonuses (PBB) to government employees. The post Quality of public service factored in performance-based bonuses appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 31st, 2018

City Hall employees to return bonus if…

THE Iloilo City government can appeal the Commission on Audit’s (COA) disallowance on the P46 million bonuses or Productivity Enhancement Incentives (PEI) given to city hall employees in 2009. But Mayor Jose Espinosa III wanted to be assured first that the legal remedies they will seek will not be an exercise in futility. “Before we […] The post City Hall employees to return bonus if… appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 9th, 2018

Employee engagement for small businesses

Workers quitting as the year ends is a common dilemma for small organizations in industries like retail, distribution, customer service and hospitality, especially if they’re dealing with young and hourly-paid staff. Some employees just leave after getting their bonuses or never come back after taking a holiday break. These scenarios can very expensive for businesses. [...] The post Employee engagement for small businesses appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 22nd, 2017

Govt& apos; employees to receive performance bonuses by Dec. 15 - Inquirer.net

Govt' employees to receive performance bonuses by Dec. 15 - Inquirer.net.....»»

Category: newsSource:  googlenewsRelated NewsDec 4th, 2017

Govt’ employees to receive performance bonuses by Dec. 15

The government will release the P5,000 performance bonus for each of its employees byDec. 15. In a statementMonday, the Department of Budget and Management (DBM) said the productivity enhancement incentive (PEI) would be given not earlier than the announced date. According to the DBM, an estimated amount of P7.5 billion has been set aside for national government agencies in the 2017 budget to finance the PEI grant of around 1.5 million government workers. The DBM said the employees would receive the bonuses provided that they were still in the service as of Nov. 30, 2017 and that they had rendered at least a total of four months of at least satisfactory service as of the same da...Keep on reading: Govt’ employees to receive performance bonuses by Dec. 15.....»»

Category: newsSource:  inquirerRelated NewsDec 4th, 2017

Cops back to chasing criminals after Asean

  The Philippine National Police said on Thursday that more officers had been deployed to patrol malls, transport terminals and other public areas to curb crime in places where large numbers of people converge during the Christmas season.   PNP spokesperson Chief Supt. Dionardo Carlos said the police shifted focus on street crime and motorcycle-riding suspects following the close of the 31st Association of Southeast Asian Nations (Asean) summit.   Carlos said theft and robbery cases peak during the Christmas season when most employees receive their annual bonuses and overseas Filipino workers hike remittances to their families.   He assured th...Keep on reading: Cops back to chasing criminals after Asean.....»»

Category: newsSource:  inquirerRelated NewsNov 17th, 2017

Gov’t workers to get 14th month pay – Diokno

  Government employees will receive a 14th month-pay and a P5,000 cash gift next week, Budget Secretary Benjamin Diokno said Thursday. "Ngayon, meron na tayong 14th month pay so idi-distribute not earlier than November 15," Diokno said in an interview with Radyo Inquirer 990AM. He said all regular government workers would get their yearend bonuses on November 16, since November15 is a non-working day due to the Asean Summit. The budget chief said the 14th month pay for government workers amounted to a total of P32.8 billion while the cash gift was at P6.9 billion. Diokno said the 13th-month pay for government employees was already given in full last May./cbb...Keep on reading: Gov’t workers to get 14th month pay – Diokno.....»»

Category: newsSource:  inquirerRelated NewsNov 9th, 2017

DBM continues release of PBB

MANILA, Philippines — Eligible government employees will continue to receive their performance-based bonuses (PBB), the Department of Budget and Management (.....»»

Category: financeSource:  philstarRelated NewsSep 9th, 2017
Category: newsSource:  manila_shimbunRelated NewsJul 31st, 2017

Egypt announces $2.49 billion package to cope with inflation

CAIRO — Egypt on yesterday announced a $2.49 billion package of income tax discounts, bonuses for state employees, increased pension payments and cash subsid.....»»

Category: newsSource:  philstarRelated NewsMay 29th, 2017

Government workers to get midyear bonus starting May 15

MANILA, Philippines - The Department of Budget and Management (DBM) recently released the guidelines on the grant of midyear bonus to government employees th.....»»

Category: newsSource:  philstarRelated NewsMay 10th, 2017

COA to MWSS employees: Return P73M in bonuses, allowances

COA to MWSS employees: Return P73M in bonuses, allowances.....»»

Category: newsSource:  rapplerRelated NewsJan 10th, 2017

Pag-ibig waives penalties for non-remittance

CEBU CITY, August 10 (PIA) – Home Development Mutual Fund (HDMF), popularly known as Pag-ibig Fund, reminds delinquent employers to settle their employees remittances not later than August 25, 2018 to Source link link: Pag-ibig waives penalties for non-remittance.....»»

Category: newsSource:  manilainformerRelated NewsAug 14th, 2018

Pag-Ibig Waives Penalties for Non-Remittance

Home Development Mutual Fund (HDMF), popularly known as Pag-ibig Fund, reminds delinquent employers to settle their employees remittances not later than August 25, 2018 to avoid penalty. The penalty condonation under Circular No. 387 applies to employers who have coverable employees whom they did not collect monthly savings from. The employers must file an application […].....»»

Category: newsSource:  metrocebuRelated NewsAug 14th, 2018

Missed targets

Underperforming Customs collectors face dire fate under Lapena ‘One-Strike Rule’ ONE year after taking over the Bureau of Customs (BoC) and warning BoC officials and employees that he would implement a “One-Strike Policy” for BoC personnel involved in corruption, Customs Commissioner Isidro Lapeña has adopted a similar strategy with underperforming….....»»

Category: newsSource:  journalRelated NewsAug 13th, 2018

ECOP members pledge to grant 300,000 workers regular status this year

The Employers Confederation of the Philippines (ECOP) pledged to regularize 300,000 employees from its member companies by the end of this year. The post ECOP members pledge to grant 300,000 workers regular status this year appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 13th, 2018