Philippines: Understanding Taxation of 13th Month Pay and Christmas Bonuses in the Philippines
With the Christmas season and year-end fast approaching, annual issues surrounding 13thmonth pay and Christmas bonuses in the Philippines raise their head once again. One key topic that often prompts questions is the distinction between 13th month pay and Christmas bonuses, also known as a year-end bonuses, and the tax rules surrounding them. Though the […]
Read More