DOLE allows employers to defer or be exempted from paying holiday pay for April holidays
The DOLE has recently issued Labor Advisory No. 13 and 13-A providing guidelines for employers to defer, or be exempted from, paying holiday pay to their employees for April 9, 10 and 11, 2020 in light of the enhanced community quarantine.
To learn more about these guidelines and how they affect your business, read our blog on this latest DOLE issuance (link below).
Despite the difficulty caused by the COVID-19 outbreak, make sure your business complies with the regulatory requirements of the Securities and Exchange Commission (SEC) for filing the company's General Information Sheet (GIS) and Audited Financial Statement (AFS) to avoid penalties.
The SEC has recently released guidelines and extended the deadline for filing of the GIS and AFS respectively in light of the COVID-19 outbreak and enhanced community quarantine.
Read our blog (link below) to know how the above affects your business and what steps you should take to remain compliant with the SEC.
The Bureau of Internal Revenue ("BIR") has extended the deadline for filing the Annual Income Tax Return and other documents under the Tax Code.
This is in view of the suspension of work in all offices under the Executive Branch of government from 17 March 2020 to 13 April 2020, including any extension thereto, due to the imposition of the Enhanced Community Quarantine.
Read our blog (link below) to know the new deadlines and if any tax return and/or document your business is required to submit to the BIR from now until the next month is affected by the new deadlines. If yes, your business can take advantage of the additional time to prepare the requirements and you will not have to unnecessarily pressure yourself and your business during these challenging times.