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Labor Matters

13th Month Pay – Things You Need to Know

Christmas is just around the corner and speaking of Christmas, one of the first things that comes in an employees mind is the Christmas bonus or/and the 13th month pay. Christmas bonus is different from 13th month pay for some companies but for those who are relatively small and can provide only the minimum benefits required by the law, 13th month pay and Christmas bonus stands the same.

The law governing the 13th month pay is Presidential Decree No. 851 supported by various implementing rules, supplementary rules and guidelines. For ease of understanding, following are some frequently asked questions regarding 13th month pay and their corresponding answers coming from the Department of Labor and Employment, supplemented by our thoughts on it:

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About leecpa

Orlando Calundan is a Certified Public Accountant. He has exposures in audit of financial statements of entities in various industries such as real estate, food (quick service restaurants), manufacturing, service organizations and BPOs, automotive, holding/investment companies and more. He also has exposure on internal audit engagements. http://calundan.co

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