Comments on: Tax-exempt COLA increased by P30 http://taxacctgcenter.org/tax-exempt-cola-increased/ quality taxation, accounting, and other seminars, trainings, workshops and tutorials Mon, 26 Aug 2013 06:40:15 +0000 hourly 1 https://wordpress.org/?v=4.8.2 By: TaxAcctgCenter http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-259 Sat, 17 Nov 2012 15:38:15 +0000 http://taxacctgcenter.org/?p=310#comment-259 Hi Ellaine, you apply it on a daily basis so using 30 or 26 would depend of the number of days worked in a month.Thanks.

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By: Ellaine http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-258 Sat, 17 Nov 2012 13:46:59 +0000 http://taxacctgcenter.org/?p=310#comment-258 Is it really 456X30 days? or is it for 26 days only? should be P11,894 only. please enlighten me. thank you.

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By: TaxAcctgCenter http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-97 Thu, 26 Jul 2012 15:56:54 +0000 http://taxacctgcenter.org/?p=310#comment-97 Yes, it formed part of the minimum wage and as such, non-taxable. Thanks.

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By: Jade Rubio http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-96 Thu, 26 Jul 2012 07:27:20 +0000 http://taxacctgcenter.org/?p=310#comment-96 Sir is the COLA in NCR added as new minimum wage non taxable?

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By: TaxAcctgCenter http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-33 Thu, 31 May 2012 09:49:22 +0000 http://taxacctgcenter.org/?p=310#comment-33 Thanks Ermelinda. More power to you.

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By: Ermelinda http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-30 Wed, 30 May 2012 15:30:34 +0000 http://taxacctgcenter.org/?p=310#comment-30 congratulations, you have very good writing skills, appreciated your work.

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By: GPP & Co., CPAs http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-12 Wed, 23 May 2012 02:24:17 +0000 http://taxacctgcenter.org/?p=310#comment-12 The increase in tax exempt uniform allowance and COLA are great developments as far as compensation in the Philippines is concerned. Although the increase isn’t that much, little by little, the impact to workers is still material. Thanks for the update!

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By: TaxAcctgCenter http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-10 Tue, 22 May 2012 08:30:47 +0000 http://taxacctgcenter.org/?p=310#comment-10 Thanks for the additional input. At least the Order did to give the boundaries to the reasonableness of the salaries for BMBE employees because BMBE exemption from minimum wage law is just a consideration for being a BMBE but not a clearance to provide unreasonable wages.

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By: RdeDios http://taxacctgcenter.org/tax-exempt-cola-increased/#comment-7 Mon, 21 May 2012 16:25:58 +0000 http://taxacctgcenter.org/?p=310#comment-7 Actually as per the Wage Order No. 17, organizations registered as BMBEs are exempted from payment of the minimum wage provided they pay their employees not less than P 259.36 per day. This is the first time that a Wage Order actually provided a minimum “wage” for workers of BMBEs.

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