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Christmas in 13th month

A few days ago, the administration of Gov. Ifeanyi Ugwuanyi of Enugu State in its magnanimity approved a 13th month salary for the civil servants of the state as Christmas bonus, to assist them. The bonuses are 50 percent of one month’s base wages, or an extra month of wages known as the 13th month salary. Employees who have worked less than a year must receive a prorated bonus.

The law is unique in that an extra month should be added to the total number of months worked when calculating the prorated rate. Title: Christmas in 13th Month (Vesuvia Ecky's Poetic Mix) Circle: crafTUNER Artist: Ecky Vocals: (Poem Catullus 16 p. 1) Hanna, Yuzuki Yukari Album: Tone of.

To recap: A 13th month pay is mandatory under the law; while a Christmas bonus is substantially an act of kindness and generosity from the employer. However, there may be instances where bonuses become demandable. 13th Month Pay Guide in the Philippines: Coverage, Computation, and 2018 Updated Tax Obligation Rate Under TRAIN Law for the Private Sector in Compliance with Philippine Labor Code 3 Comments to “The Spanish Christmas Bonus and the 14 Month Payroll in Spain”.

paola says: 1. December 28, 2012 at 7: 07 pm. They have a 13th month in Italy and. In the Philippines, the sound of Christmas bells not only evokes the feeling of Christmas cheer but also signals for the payment of the 13 th month pay for employees. Under Presidential Decree 851, all rank-and-file employees are entitled to the 13 th month pay regardless of the amount of basic salary that they receive in a month.

Your 13th month pay is different from your Christmas bonus. The 13th month pay is considered a bonus mandated by law, while the Christmas bonus is a separate benefit or payout and it depends on your employer whether they’ll dole it out or not.

Dancing Christmas and the 13th Month 05/31/09. 3: 05. Dancing Christmas in the 13th Month - Ragnarok OST 11/08/09. 3: 21. Ragnarok Online - Dreamer's Dream 04/18/10. *The 13th month pay shall be paid on or before December 24; the release of Christmas bonuses and/or other forms of bonuses may be released at any time upon the Christmas in 13th month of the employer/management.

There are however instances when a bonus, even though clearly an act of generosity on the part of the employer, may become demandable. 13th month pay, as a general rule, is not subject to tax.

This is clear under Section 32B, Chapter VI of Republic Act (R. A. ) No. 8424, otherwise known as the National Internal Revenue Code which exempts from tax the 13th month pay and other benefits.

Ragnarok Online BGM If you like the video Save for the time of release, it appears the 13th month pay has very little to do with Christmas at all. What the law states According to Philippine Law, the 13th month pay is “one-twelfth (1/12) of the basic salary of an employee Christmas in 13th month the calendar year.

” Ever since we were kids, we have heavily associated the month of December with the idea of receiving gifts. As we got older and braved the working world, that notion still remains, and that is where the confusion between using the term “13th Month Pay” and “Christmas Bonuses” interchangeably is rooted from.

42 thoughts on “ Christmas Bonus vs. 13th Month Pay ” Mike December 19, 2016 at 2: 25 pm. My father who is working for a ruthless company he is about 8 yrs employee of this company Christmas in the 13th Monthpiano ver. Arranged by:oroc Piano 5 10 14 18 cresc. Grav. Christmas in the 13th Month (Ragnarok Online) Guitar Tab. Submitted: Apr 08, 2014 by stacatto.

5. Average: 5 (3 votes) Login or register to post comments; Download. CHRISTMAS season is here! The time of joy, gifts, vacation, Jose Mari Chan, and money. The season of 13th month pay and bonuses. For Filipinos, this is the month to Christmas in 13th month forward to. Christmas in the 13th Monthpiano ver. Arranged by:oroc Piano 5 10 14 18 cresc. Grav. Christmas is fast approaching and everyone’s looking forward to receiving their 13th month pay and bonuses.

Amid all the excitement and budget planning, it’s best to know the facts behind these two types of employee benefits. Who are en. Learn about differences in taxation of 13th month pay and Christmas bonuses in the Philippines, and how bonuses can reduce tax burdens and reward employees. In most Latin American countries, 13th month bonuses are referred to as the aguinaldo. Typically, it is considered a Christmas bonus and must be paid in December. Typically, it is considered a Christmas bonus and must be paid in December.

Christmas bonus only discretionary but 13th month pay is mandatory Date Posted: December 20th, 2007 12: 00 AM. All wage and salary workers in the country are entitled to the 13th month pay as mandated by law but not the Christmas bonus which is only discretionary on the part of employers, the Department of Labor and Employment (DOLE) today said.

Ever since we were kids, we have heavily associated the month of December with the idea of receiving gifts. As we got older and braved the working world, that notion still remains, and that is where the confusion between using the term “13th Month Pay” and “Christmas Bonuses” interchangeably is. Christmas is fast approaching and everyone’s looking forward to receiving their 13th month pay and bonuses. Amid all the excitement and budget planning, it’s best to know the facts behind these two types of employee benefits.

Who are en. 01 - Gaze. It was an obscure café, one that would only be found by people who had sharp eyes, people who could not sleep, people who were bored and people who wanted to be alone. Your 13th month pay is different from your Christmas bonus. The 13th month pay is considered a bonus mandated by law, while the Christmas bonus is a separate benefit or payout and it depends on your employer whether they’ll dole it out or not.

Know the history and basics of the 13th month pay and law for Philippine. Christmas is a huge affair in the Philippines, being a predominantly Christian country. Follow these 7 wise tips that you can do with your 13th-month pay.

Consider paying your debts, building an emergency fund, get a life insurance, etc. Sheet music for" Christmas in the 13th Month" from Ragnarok Online, composed by Sound TeMP, arranged by Echo Variation. In the last week of the year, called the 13th Month or the Second Season by retailers, e-commerce-fueled returns and gift cards send consumers back to buy more.

A Christmas bonus is different from 13th month pay. A bonus is not dictated by law; it is driven by the employer's exercise of free will due to a prosperous business result or any other positive. Sheet music for" Christmas in the 13th Month" from Ragnarok Online, composed by Sound TeMP, arranged by Echo Variation. Christmas bonus only discretionary but 13th month pay is mandatory Date Posted: December 20th, 2007 12: 00 AM.

All wage and salary workers in the country are entitled to the 13th month pay as mandated by law but not the Christmas bonus which is only discretionary on the part of employers, the Department of Labor and Employment (DOLE) today said.

The thirteenth salary is paid to employees according to different terms of law or contract of employment. Mostly, it is equivalent to one full monthly salary and paid in December (the 12th month) around Christmas.

I worked in the corporate world for five years. And in all those time, the arrival of the annual Christmas bonus and 13th month pay was something I looked forward to.

01 - Gaze. It was an obscure café, one that would only be found by people who had sharp eyes, people who could not sleep, people who were bored and people who wanted to be alone. The 13th month pay is essentially a form of monetary assistance equivalent to the monthly basic compensation received by an employee, computed pro-rata according to the number of months within a year that an employee has rendered service to an employer, (basic monthly pay/12 x number of months actually worked).

To recap: A 13th month pay is mandatory under the law; while a Christmas bonus is substantially an act of kindness and generosity from the employer. However, there may be instances where bonuses become demandable. Brazil: Workers are paid a 13th month bonus (commonly called the “Christmas bonus”) in two installments, the first typically no later than November 30, the second no later than December 20. Greece: Workers are entitled to a half month’s pay at Easter and a half month’s pay upon summer vacation.

Aug 18, 2008 · Ragnarok Online BGM If you like the video Dec 29, 2017 · In the last week of the year, called the 13th Month or the Second Season by retailers, e-commerce-fueled returns and gift cards send consumers back to buy more. CHRISTMAS season is here! The time of joy, gifts, vacation, Jose Mari Chan, and money.

The Christmas in 13th month of 13th month pay and bonuses. For Filipinos, this is the month to look forward to. The thirteenth salary is paid to employees according to different terms of law or contract of employment.

Mostly, it is equivalent to one full monthly salary and paid in December (the 12th month) around Christmas and is traditionally called a Christmas bonus.