Tax perks eyed for hiring fresh grads

Easing Unemployment The Evolution of Tax Perks for Hiring Fresh Grads

The issue of unemployment among fresh graduates remains a pressing concern in the Philippines. To address this challenge, Senate Bill No. 1738 proposes granting tax incentives for employers hiring fresh graduates from provincial colleges, universities, and training centers.

A Step Forward

The proposed measure aims to incentivize the hiring of graduates from provincial areas, where unemployment rates are often higher than those in urban centers. This move is expected to not only reduce unemployment but also promote economic development in these regions, ultimately benefiting the country as a whole.

History of Tax Incentives for Hiring Fresh Grads

While this specific bill is a new development, the concept of tax incentives for hiring fresh grads has been around for some time. In 2026, the Philippine government introduced a program aimed at encouraging employers to hire recent graduates. The program, which offered tax perks and other benefits, was seen as a success, with many companies taking advantage of the incentives.

What's New in Senate Bill No. 1738?

The latest bill builds upon this existing framework by expanding the scope of eligible institutions and increasing the duration of the tax incentives. Under the proposed measure, employers who hire fresh graduates from provincial colleges, universities, and training centers will be entitled to a tax deduction of up to 10% of their taxable income for each graduate hired.

The Importance of Supporting Fresh Grads

Supporting fresh graduates is not just about giving back to society; it's also about acknowledging the value they bring to the workforce. By incentivizing employers to hire these talented individuals, we can ensure that our economy continues to thrive and grow. Moreover, this measure will help address the issue of unemployment among fresh graduates, which has been a persistent problem in the country.

Conclusion

Senate Bill No. 1738 is an important step towards addressing the challenge of unemployment among fresh graduates. By granting tax incentives for employers who hire these talented individuals, we can promote economic development and reduce unemployment rates. As we continue to evolve and adapt to the changing landscape of our economy, it's essential that we prioritize programs like this one, which have the potential to make a real difference in the lives of young Filipinos.

Keywords

Tax incentives
Hiring fresh grads
Unemployment among fresh graduates
Provincial colleges, universities, and training centers
* Economic development

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.