Revenue Memorandum Circular No. 76-2023


The BIR issued the Revenue Memorandum Circular No. 76-2023 to circularize Wage Order No. NCR-24 was approved on June 26, 2023. Wage Order No. NCR –24 PROVIDING FOR A MINIMUM WAGE INCREASE IN THE NATIONAL CAPITAL REGION The Regional Tripartite Wages and Productivity Board – National Capital Region is mandated under Republic Act No. 6727, otherwise known as “The Wage Rationalization Act”, to periodically assess wage rates and conduct continuing studies in the determination of the minimum wage applicable in the region or industry;   The current Wage Order No. NCR 23 took effect on June 4, 2022;  The Board received [...]