Pera News

Philippines�The Philippines on Wednesday issued rules to implement a new law to allow the creation of tax-free personal retirement plans that will see funds flow into the domestic debt and stock markets...The law allows a maximum annual contribution to tax-free...

of a law creating voluntary retirement plans are ready for release next month, a central bank official told House members yesterday...Kasala, head of the central bank’s supervision and examination sector’s legal services unit, said a final draft of the guidelines...

Social Security System (SSS) contribution and the retirement pay under the Labor Code of the Philippines. The employer’s contribution will then be allowed as a deduction from his gross income. We have heard of many sad stories of retirees who...

Act have yet to be approved by the DOF and the BIR. “The next challenge is coming up with the revenue regulations that will implement the tax provisions of the law...IRR further clarified and created operational procedures in order to...

The effort seeks long-term reforms that some say "may go further than we need." The Denver Post Posted: 10/17/2009 01:00:00 AM MDT Government workers would have to contribute more of their salaries while getting less in benefits under a plan proposed...