DepEd, COMELEC Commit to Assure Timely Tax Refund for Poll Teacher-Volunteers

deped teachers

The Department of Education (DepEd) and the Commission on Elections (COMELEC) on Friday committed to ensure that volunteer-teachers, with annual basic salary of P250,000 and below, will promptly receive tax refund after the Bureau of Internal Revenue (BIR) ruled to impose 5% withholding tax on their honorarium and allowance for rendering services during the 2018 barangay and Sangguniang Kabataan (SK) elections on May 14. “I believe that you are aware that the BIR has already issued a ruling. . . The TRAIN Law specifies that those with annual income below P250,000 will be tax…

GFAL Application Process – GSIS Financial Assistance Loan Program

gfal process

The Government Service Insurance System (GSIS) will start to accept applications for the GSIS Financial Assistance Loan (GFAL) program for personnel of the Department of Education (DepEd) starting May 15, 2018. Under the program, GSIS will lend a maximum amount of PhP500,000 to DepEd borrowers to pay the outstanding balance of their loan from accredited private lending institutions. “Instead of offering the GFAL to DepEd personnel in selected cities and municipalities on a pilot run, we decided to open it to all teachers and teaching personnel nationwide because we want…

Starting May 15, 2018 – GFAL Application for Deped Teaching, Non-Teaching Personnel

gfal for teachers

Eligible personnel of the Department of Education (DepEd) may already apply for the Government Service Insurance System (GSIS) Financial Assistance Loan (GFAL) Program beginning May 15 in all GSIS offices nationwide, except the Autonomous Region in Muslim Mindanao (ARMM). This follows last month’s ceremonial signing of the GFAL Memorandum of Agreement (MOA) between the two government agencies represented by Secretary Leonor Magtolis Briones and GSIS President and General Manager Jesus Clint Aranas in the presence of President Rodrigo Duterte in Malacañang. GFAL is the result of more than a year…