The Regional Tripartite Wages and Productivity Board (RTWPB) in the National Capital Region (NCR) received several petitions filed by various labor groups seeking a minimum wage increase for all workers in the private sector. After due notice to all concerned stakeholders, the Board conducted consultations and a public hearing.
In settling the minimum wage, the Board considers the various criteria under Republic Act 6727, otherwise known as “The Wage Rationalization Act”, to periodically assess wage rates and conduct continuing studies in the determination of the minimum wage applicable to the region or industry. Compliance with the procedures laid down in the Omnibus Rules on Minimum Wage Determination to protect vulnerable workers from undue low wages was also considered. After a thorough review and evaluation of the existing socio-economic conditions in the region as well as the positions of the labor management, the following findings were established:
Based on the findings enumerated, the Regional Tripartite Wages and Productivity Board (RTWPB) in the National Capital Region (NCR) issued Wage Order No. NCR-24 on June 26, 2023.
Effective July 16, 2023, the minimum wage earners in the private sector in the Philippines’ National Capital Region shall receive a forty peso (PHP 40.00) increase in the basic wage per day.
The National Capital Region (NCR) covers the cities of Caloocan, Las Pinas, Makati, Malabon, Mandaluyong, Manila, Marikina, Muntinlupa, Paranaque, Pasay, Pasig, Quezon, San Juan, Taguig, and Valenzuela, as well as the Municipalities of Navotas and Pateros. The minimum wage rates prescribed under this Order shall be for normal working hours, which shall not exceed eight (8) hours of work a day. The wage increase prescribed herein shall apply to all minimum wage earners in the private sector within the region, regardless of their position, designation, or status, and irrespective of the method by which their wages are paid. Any person, corporation, trust, firm, partnership, association, or entity who refuses or fails to pay the prescribed increase shall be dealt with pursuant to the provisions of Section 12 of the Republic Act (RA) No. 6727, as amended by RA No. 8188.
REPUBLIC ACT NO. 12066 – CREATE MORE ACT
Revenue Memorandum Circular No. 115-2024
Revenue Memorandum Circular No. 113-2024
8 Features of Republic Act No. 12023 – VAT on Digital Services Law Philippines
Republic Act No. 12023 – VAT on Digital Services Philippines
7 Features of Staff Leasing in the Philippines
Revenue Memorandum Circular No. 109-2024
Live Weninar: How to analyze Financial Statements Accounting for Correct Business Decision Making?
Onsite Training: Basic Bookkeeping for Non-Accountants
Live Webinar: SEC Dividend Declarations
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Live Webinar: Value Added Tax: In and Out
Onsite Seminar: BIR Examination: Their Procedures and Our Defenses
Live Webinar: Ease of Paying Taxes Highlights with CPD Credits
Live Webinar: Input VAT Refund
Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: Understanding Invoices and Invoicing under EOPT with CPD Credits
Δ
Phone : (02) 5310-2239
Mobile : Smart: 0939-916-2952 Globe: 0967-497-4989
Email : info(@)taxacctgcenter.ph
© Tax and Accounting Center 2024. All Rights Reserved