Minimum Daily Wage + Cost of Living Allowance (COLA)

Sector / Industry Basic Wage COLA New Minimum Wage Rate
Non – Agricultural 335.00 5.00 340.00
Agricultural 330.00 5.00 335.00
Retail / Service (employee not more than 10) 335.00 5.00 340.00

TELECOMMUNICATIONS

No. of Telecommunications 2
PLDT-PHILCOM
Telephone Rates Installation Monthly Rate
Residential 1,200.00 1,402.18
Commercial 1,200.00 1,707.63
Data Service Rates Speed Monthly Rate
Fiber 50 Mbps 3,500.00
100 Mbps 5,000.00
200 Mbps 6,000.00
1 Gbps 20,000.00
Telpad 3.5 Mbps 2,099.00
PLDT
Installation Fee 1,100.00
Monthly Rate 1,200.00

POWER RATES

Type Peso / Kw/Hr
Residential 9.19
Commercial 9.36

WATER RATES

Type Installation Fee
1/2 Residential 2,500.00
3/4 Commercial 2,200.00
2nd Industrial 63,800.00
Minimum Charge Commodity Charge
0-10 11-20 21-30 31-40 41-up
Residential 194.35 19.60 20.60 23.35 26.25
Commercial 388.70 39.20 41.20 46.70 52.50

COMMERCIAL SPACE RENTAL (AVERAGE PER SQ.M., IN PESOS)

Type High Low
Office Space 400.00 250.00
Mall Stall 650.00 400.00
Market Stall 5.00 3.00

LAND VALUE FOR URBAN LOTS (PER SQ.M, IN PESOS)

Type 1st Class 2nd Class 3rd Class
Residential 360.00 300.00 240.00
Commercial 1,680.00 1,380.00 1,140.00
Industrial 96.00 84.00 72.00

ACCOMMODATION RATES

High Low
Standard 1,690.00 700.00
Deluxe 3,500.00 850.00
Dormitory 750.00 500.00

TRANSPORTATION COST

Regular Student / Senior / PWD
Tricycle
First 3 km. 8.00 7.40
Succeeding km. 1.00 0.80
Panabo to Davao Panabo to Tagum
Van 40.00 30.00
Bus – Aircon 50.00 40.00
Bus – non – aircon 40.00 30.00

TRUCKING RATES

Rates per km.
Long Haul Rate (GSC, Makilala) 47.20 / km.
Intermediate Rate (Kapalong, Licanan, Malagos) 47.20 / km.
Hustling Fee (Sasa, Buhisan) 53.30 / km.
Hustling Miscellaneous (Empty vans, Additional Trips) 47.73 / km.

TAX RATES AND MANDATORY CONTRIBUTIONS

Tax/Mandatory Statutory Tax Rate
Local
Business Tax 0.05% of the asset size
Real Property Tax 2% of assessed property value
National
Corporate Income Tax 30% of taxable profit
Community Tax Certificate 10,500.00
Value Added Tax (VAT) 12% value added
Tax of Interest 20% of interest
Employer Paid-Social Security Contribution 7.37% of gross salaries
Employer Paid-Philhealth 1.375% of gross income
Employer Paid-Housing Development Fund 2% of gross salary or 100 per worker

Categorized in Panabo Facts

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