Articles

Retirement Liability Under PAS 19

"What are the reasons for the increase in the retirement liability?” This is the usual question we receive from our…
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The Philippine Retirement Pay Law (RA 7641)

Republic Act No. 7641 (RA 7641), also known as the Retirement Pay Law, came into effect in January 7, 1993…
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Tax Advantages of a Retirement Plan

Since Republic Act (RA) 7641, also known as the Retirement Pay Law, does not require companies to set up formal…
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Steps to Make your Retirement Plan a Tax-Qualified Plan

Companies wishing to take advantage of the tax privileges that come with a formal retirement plan must first set up…
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More About The Philippine Retirement Pay Law (RA 7641)

Some of us have heard of the famous (or perhaps infamous) 401K of the USA, or the Old Age Pension(OAP)…
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International Accounting Standards (IAS) 19 Explained

Below is an excerpt about International Accounting Standards (IAS) 19 taken from Deloitte.   IAS 19 Employee Benefits (amended 2011) outlines the…
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Tax exemptions on retirement plans: Revalidated and clarified

The Philippine Star recently published a news piece on Republic Act (RA) 4197. Below is an excerpt form the news…
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International Accounting Standards (IAS) 19 Explained

Below is an excerpt about International Accounting Standards (IAS) 19 taken from Deloitte.   IAS 19 Employee Benefits (amended 2011) outlines the…
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