Happy new year to all! In this edition, learn about key legislative updates for Philippines (PH) and Singapore (SG) from December 2022 to January 2023. These include:

  • Clarification on Income Tax Treatment of Equity Based Compensation (PH)
  • Guidelines on the Payment of Thirteenth Month Pay (PH)
  • Social Security Contribution rates revised (PH)
  • Revised Alphalist Format in the BIR Form No. 1604 C available now (PH)
  • SSS Introduces the Worker’s Investment and Savings Program (WISP) Plus (PH)
  • Leave Policy (Rest Day) for Migrant Worker (SG)
  • Termination of Offline Submission of Employment Income Information to IRAS (SG)National Wages Council (NWC) 2022/2023 Guidelines (SG)
  • IRAS Acceptable Rates for Per Diem Allowance 2023 (SG)
  • Provident and Tax (PAT) System Specification for released for YA 2023 (SG)

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