PayrollHero computations for the 2023 SSS, PhilHealth and Withholding Tax is already released in production for January 2023. Withholding Tax follows the table below: SSS Contributions will use contribution table per memo on this source. PhilHealth Contributions will use the contribution table per memo on this source.
With the New PhilHealth Table below: Source: https://www.philhealth.gov.ph/news/2019/new_contri.php Every year there will be an increase for the PhilHealth Contribution. However, due to the pandemic, PhilHealth Contribution increase for 2021 did not push through and that contributions will be retained at 3%. With this year 2022, since there is no mandate yet […]
This is the 3rd and last part of the “Employer Contributions in the Philippines” series, where the PayrollHero Blog team explain all the contributions that you need to sign up your team for when establishing a business in this country! Make sure to not miss out this enlightening conclusion to the […]
Setting up a business in Philippines? This series on our PayrollHero Blog explains all the contributions you have to sign up to and have in mind when doing so! This second part of the series focuses on PhilHealth, the health insurance institution that all private and government companies are required […]
Starting a business in the Philippines? Confused about what contributions you need to sign up your team? Whats the BIR? SSS!? Does this all sound like a headache to you? Well stress no more as our PayrollHero Blog team have written an article that explains all these terms and why […]