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The essential guide to payroll in the Philippines

Ascender

Many foreign business owners are attracted to expansion within the Philippines due to incentives such as tax deductions and exemptions, and permanent resident status for foreign investors. Personal income tax in the Philippines ranges from 0% – 35%. This is usually specified in the company’s leave policy.

Payroll 97
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Employment Law Overview in Peru

Global People Strategist

Navigating the intricacies of Peru’s employment landscape involves grasping key aspects such as general labor laws, tax regulations, and employee benefits. Working Hours and Overtime: The standard workweek in Peru is 48 hours, typically spread across six days.

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The Ultimate Employee FnF Settlement Guide

Qandle

This includes any outstanding payments for overtime or bonuses. Leave encashment : If the employee has any unused paid leave, the employer may have to pay for the same. Tax Deducted at Source (TDS) : Any applicable TDS is deducted from the full and final settlement amount as per the Income Tax Act.

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Post-COVID record keeping — what you’re required to keep

Business Management Daily

Then Congress passed a series of laws designed to protect employees, provide limited paid leave, and help employers pay workers. Until the COVID-19 pandemic struck, there was no federal law requiring most private-sector employers to provide paid leave. The Family and Medical Leave Act ( FMLA ) doesn’t either.

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Single Touch Payroll Phase 2: What to expect

Ascender

The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits. New Data Type Reporting. The next phase sees the reports moving away from Payment Summary Annual Rules (PSAR) and Payment Summaries for allowances and deductions to “Income Types.”

Payroll 70
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Flu IQ: Know who—and how—to pay during the upcoming flu season

Business Management Daily

You may require employees to substantiate their need for leave. The FFCRA’s paid sick leave provisions (and the tax credits used to reimburse employers for providing it) apply through the end of the year. Reason: Such a payment would be for idle time, which isn’t included in the regular rate for calculating overtime pay.

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Employment Law Overview in Morocco

Global People Strategist

Working Hours and Overtime: The standard workweek in Morocco is 44 hours, typically six days. Overtime is subject to regulation, with premium rates for work beyond the usual hours. Income Tax: Morocco operates on a progressive income tax system, with different tax brackets based on income levels.