Payroll & Compliance – SEA Quarterly Chronicles – January 2023
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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