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Is severance pay taxable in the philippines

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Is severance pay taxable in the philippines

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No. Severance pay is not a legal requirement and is a provision employers give to assist their employees when laid off. If no severance pay, then the employer chose not to give one.

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Anything mined

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They pay a retention bonus to get you to stay on the job. They pay you severance pay when they let you go. [Retain/Sever]

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yes

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