CDNTopStories: Cebu City is looking into the possibility of giving tax amnesty as a form of reprieve to businesses following the P31 minimum wage increase in the region. CDNDigital
Good news for the region’s minimum wage earners, the Regional Tripartite Wages and Productivity Board has approved an increase of P31 in your take-home pay.
“Any increase will always be, based on my experience, be reacted in a different manner. There can never be a wage increase that is somewhat acceptable. That’s why, I wish, this issue about wages can only be addressed without much reaction if the economy will really be that better.,” said Rama. This may cause layoffs and an eventual rise in unemployment in the city, and then, this becomes a problem for the government. This is why he urged businesses to hang tight and adjust to the changes.
However, he said that they must be careful because tax amnesties will reduce the income of the city government, which affects services.
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