^
+ Follow DEDUCTION Tag
DEDUCTION
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 698388
                    [Title] => Contractual workers question Pag-IBIG deduction off their pay
                    [Summary] => 

Majority of the more than 1,000 job order (JO) workers of Ormoc City government complained of the compulsory Pag-IBIG deduction from their salaries, even if they are not registered members yet.

[DatePublished] => 2011-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1289443 [AuthorName] => Edgar Allan Vilbar [SectionName] => Freeman Region [SectionUrl] => region [URL] => ) [1] => Array ( [ArticleID] => 681027 [Title] => Villar seeks tax incentives for parents of special children [Summary] =>

Sen. Manuel Villar Jr. has filed a bill that would grant tax incentives to parents of children with special needs in order to help reduce the burden on their finances.

[DatePublished] => 2011-05-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1500820 [AuthorName] => Marvin Sy [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [2] => Array ( [ArticleID] => 659273 [Title] => Manufacturer/distributors and wholesaler - retailers' share of the Senior Citizen discount: What's this? [Summary] =>

In 2010, before the electorate chose the “tuwid na landas” (English translation: the right path), we have seen the passing of Republic Act (RA) No. 9994, otherwise known as “The Expanded Senior Citizens Act of 2010”, a popular and noble law which gave our geriatrics the benefit of generally a 20-percent discount and exemption from VAT on their purchases of certain items.

[DatePublished] => 2011-02-22 00:00:00 [ColumnID] => 134573 [Focus] => 0 [AuthorID] => 1452279 [AuthorName] => Leandro Ben M. Robediso [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 556705 [Title] => Bureau of Internal Revenue to lose P6 billion due to optional deduction [Summary] =>

The Bureau of Internal Revenue (BIR) expects to lose up to P6 billion this year from the Optional Standard Deduction privilege allowed under RA 9504 or the Minimum Wage Law.

[DatePublished] => 2010-03-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 239450 [Title] => Loren bats for more perks for SMEs [Summary] => Sen. Loren Legarda, vice presidential bet of the Koalisyon ng Nagkakaisang Pilipino, has proposed more incentives for small and medium enterprises (SMEs) in order to encourage them to expand and employ more workers.

In Senate bill No. 777 which she authored, Legarda noted that unemployment is increasing annually. She declared that one of the means to promote more employment is to strengthen SMEs in their capacity to hire more workers.
[DatePublished] => 2004-02-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 140782 [Title] => 10 savings and loan groups face closure [Summary] => The future of 10 savings and loan associations is imperiled with the impending adoption of a proposal to abolish the salary deduction scheme with all government employees.

If approved, the revised Section 36 of the General Appropriations Act 2002 would remove the privilege of the private sector businesses like life and non-life insurance, commercial banks,thrift and savings banks, savings and loan associations, and cooperatives to utilize the salary deduction scheme.
[DatePublished] => 2001-11-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 139966 [Title] => 2002 General Appropriations Act threatens insurers, banks [Summary] => More than 51 private institutions contributing billions of pesos to the government coffers through various taxes will be displaced with the removal of the payroll deduction facility originally found in Section 36 of the proposed national budget for next year.

Under the original Section 36, teacher’s salary deductions for loans, insurance and such transactions can be made through the Department of Education Culture and Sports (DECS). The privilege covers government banks, the Government Service Insurance System (GSIS), insurance companies, and savings and loan associations. [DatePublished] => 2001-11-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => Array ( [ArticleID] => 138330 [Title] => Insurance firms buck removal of payroll deduction facility in 2002 national budget [Summary] => Insurance companies claim they will suffer heavy financial losses with the removal of payroll reduction facility in national budget.

The facility, which was in existence for 30 years, allows private insurers to utilize government infrastructure to collect premium through salary deductions much like the standard salary deductions of the Government Service and Insurance System (GSIS), or the Social Security System (SSS) in the case of the private sector.
[DatePublished] => 2001-10-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 95718 [Title] => Loren seeks tax break for unemployed wives [Summary] =>

Each family with a housewife should be granted an income tax deduction of P20,00 in recognition of the housewife's role in the country's economic growth, Sen. [DatePublished] => 2000-01-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1297981 [AuthorName] => Efren Danao [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )

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