Easily manage employment in Philippines

Social Security: a monthly SSS (Social Security System) payment at the contribution rate of 10% of the employee pay is required

Mandatory Provident Fund: All employees covered by the SSS with earnings above PHP 20,000 per month are automatically enrolled in the MPF. Contributions are calculated at the same rate as the SSS. The employer’s contributions will range from PHP 42.50 up to PHP 425 per month

Home Development Mutual Fund: 2% MSC employer contribution

PhilHealth: 5% split equally between employee and employer

Progressive System

Under 250,000 - 0%

25,000 but not over 400,000 - 20% of the excess over 25,0000

400,000 but not over 800,000 - 25% of the excess over 400,000 + 30,000

800,000 but not over 2,000,000 - 30% of the excess over 800,000 + 130,000

2,000,000 but not over 8,000,000 - 32% of the excess over 2,000,000 + 490,000

Over 8,000,000 - 35% of the excess over 8,000,000 + 2,410,000

Social Security: a 5% deduction is taken from the employee’s monthly pay payment as an SSS contribution

Mandatory Provident Fund: This payment is applicable to contributions starting at an MSC (monthly pay credit) above PHP 20,000 with a maximum employer share of PHP 425. Employees contribute between PHP 22.50 and PHP 225 per month

Home Development Mutual Fund: 1% contribution for employees with a monthly pay below PHP 1500, and 2% above PHP 1500

PhilHealth: 5% split equally between employee and employer