Social Security System
The Philippine Social Security System (SSS) issued Circular No. 2019-005, 15 March 2019, to notify all employers, employees, self-employed, voluntary, and non-working spouse members the new schedule of Social Security (SS) contributions. The new schedule shall be effective starting the month of April 2019. The new maximum contribution is Php800.00 for compensation income ranging from Php19,750.00 and above.
Attached is the full text of the Circular.
DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although R.G. Manabat & Co. endeavors to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
For any queries, you may contact any member of the InTAX Editorial Board or send your questions to firstname.lastname@example.org.
© 2020 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.