Makati Converts Job Order Workers to Permanent Status and Seeks Tax Exemptions
What happened
Makati city has converted 698 job order personnel to permanent status and promoted 704 qualified casual employees. Additionally, Mayor Nancy Binay is urging for tax exemptions to boost workers' take-home pay. Since 2017, Nancy Binay has granted permanent status to 1,695 employees and promoted 914 regular workers in the city.
From tribune.net.ph
Why it matters
The city's actions involve converting temporary labor to permanent roles, which impacts local employment structure. Furthermore, the push for tax exemptions could influence the tax base and fiscal policy of the Philippines.
From tribune.net.ph
Who's involved
- MakatiThe highly urbanized city where job conversions and tax advocacy are taking place.
- Nancy BinayThe Mayor of Makati city who is promoting job security and urging tax exemptions.
- senateThe legislative body that could consider the push for tax exemptions on labor income.
- Bureau of Internal RevenueThe government agency whose tax base could be affected by the push for exemptions.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Bureau of Internal RevenueSpeculative
The Bureau of Internal Revenue could see a reduction in its tax base due to the push for exemptions on overtime pay and bonuses.
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The entities involved
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Makati
highly urbanized city in Metro Manila, Philippines
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Philippines
archipelagic country in Southeast Asia
- Korea and the Philippines share a history of military and trade bonds, benefiting from IRRI's scientific revolution to combat Asian hunger.
- Secretary Sonny Angara led the inauguration of an ICT Learning Resource Center and established a partnership for educational facility upgrade in the Philippines.