Nationwide round-up (01/31/21)
January 31, 2021 | 6:48 pm
Coronavirus vaccines will be VAT-free under new tax law seen to hurdle Congress by Tuesday
VACCINES and medicines for the coronavirus disease 2019 (COVID-19) will be exempted from value-added tax (VAT) under the second package of the government’s proposed tax reform program, which is expected to be ratified by Congress on Tuesday. “Tuesday is okay. On Monday, we need the signatures (of both chambers of Congress),” Albay 2
nd District Rep. Rep. José María Clemente S. Salceda told
BusinessWorld Sunday when asked about the timeline of the bill’s ratification. Mr. Salceda released the draft Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act to reporters Saturday, which indicates that COVID vaccines will be allowed duty-free importation along with medicines for treatment of the disease, and personal protective equipment (PPE). The CREATE Bill seeks to lower corporate income tax from 30% to 25% for la
December 17, 2020 | 7:49 pm Font Size
PHILSTAR
COMPETITION for jobs will be tight in the next few years with workers displaced by the pandemic to be joined in the employment search by the first full batches of K to 12 graduates, the Department of Labor and Employment (DoLE) said.
In a briefing Thursday, Labor Assistant Secretary Dominique R. Tutay said the earliest K to 12 batches will be leaving school within the next few years, adding to the “pressure” of the job search.
She said 2021-2022 will be the “first full batch for K to 12,” following a number of transition years during which the graduating cohort was smaller than usual.
Market for caregivers growing in Europe with thousands of openings bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.