BusinessWorld Online: Economy

Jul 302017
 

After almost 20 years, the government has finally recognized the need to enhance the current maternity leave benefits for women. In March, the Senate approved Senate Bill No. 1305 or the Expanded Maternity Leave Law of 2017 on its third and final reading. Under the bill, female employees in both government service and in the private sector can go on maternity leave for 120 days, regardless of mode of delivery. Moreover, an employee who qualifies as a solo parent under Republic Act No. 8972, is entitled to a maternity leave of 150 days.

Jul 262017
 

Some of the important lessons in life we learn from unpleasant experiences. Learning from the mistakes of our past keeps us from repeating them. Wisdom comes from accepting errors and exercising better judgment in the future. The above statements hold true even in tax collection. In the past, the Bureau of Internal Revenue (BIR) lost assessment cases due to the issue of waivers on the statute of limitations for the assessment of deficiency taxes. It may have learned its lesson the hard way, but the Bureau has implemented improved measures stemming from its experience.