In the Philippines, the provision of 13th month pay is mandatory. The law states that private sector employees must receive such pay on or before December 24, allowing them to treat themselves and their families to a memorable Christmas celebration. Behind the scenes though, how much work do accountants go through in order to beat the holiday rush in completing payroll activities?
Headed by P&A Grant Thornton’s Business Process Solutions division, the Payroll: Year-End Activities webinar aims to pull the curtains back and reveal the often-bureaucratic processes involved in year-end payroll activities, starting with the computation of the 13th month pay.
The seminar will also cover relevant topics such as Tax Annualization, Alphalist, Government clearances and BIR reporting compliance. The event also features a Q&A portion at the end wherein participants can directly ask experts for further clarifications on payroll and payroll-related matters.