Learn how to structure salaries, wages, benefits effectively

MANILA, Philippines – You may be paying more taxes than you should pay for your compensation. With the new tax exemption rules that took effect last January, many have yet to avail of the tax savings and benefits that it brings with the confusion on how to properly compute for the salaries, wages, and benefits both for individual and corporate taxpayers.

To help the millions of taxpayers and thousands of business organization address the labor and tax concerns on this new regulation, the Center for Global Best Practices is launching a pioneering seminar for business owners, decision-makers and HR practitioners entitled “How to Structure and Compute Your Salaries, Wages and Benefits with the New Tax Rules” scheduled on Oct. 13 at Bellevue Hotel, Mandaluyong City.

Attendees will learn the use of de minimis benefits, fringe benefits, tax exemptions, new regulations on 13th month pay, updated allowable deductions, other benefits and more. Participants will be shown how to link these new measures to create a cohesive and highly beneficial structure for employers and employees. This offers a window for companies to align compensation approaches with business strategies to achieve a program that attracts, retains and motivates workers and at the same time minimizes tax costs to businesses and their people.

For details and a complete list of seminars including Best Practices in Crafting HR Policies and Contracts, Best Practices In Crafting Your HR Code of Discipline, and Best Practices Guide to Valid Dismissal, you may log on to www.cgbp.org or call (02) 842-7148/ 59 and 556-8968/ 69; Cebu lines (032) 512-3106 or 07; Baguio line (074) 423-5148; and Legazpi Line (052) 736-0148.