The Philippines’ Social Security System (SSS) is a government-run program that provides social insurance for workers belonging to the private sector. Additionally, SSS also caters to professionals and other members of the informal sectors. By the virtue of the country’s Republic … [Read more...]
How to Compute Fringe Benefit Tax (FBT) in the Philippines
Employees are considered by many as the best assets in business organizations. They are the labor force that contributes to the productivity, as well as profitability and stability of any enterprise. Thus, making employees and workers motivated and happy is a necessity for every … [Read more...]
Labor Day in the Philippines: May 2 a Holiday?
On May 1, which falls on Sunday this year, the Philippines will celebrate its 109th Labor Day. And because most laborers love non-working holidays, the big question now is will the holiday for the Labor Day be moved to Monday? Well, for the year 2011, May 1 falls on Sunday, and … [Read more...]
How to Compute SSS Contributions in the Philippines
How to compute SSS contribution in the Philippines? Employers must know how much employer’s contribution (ER) they must pay to the Philippine Social Security System (SSS) for their employers. If you’re an employee, you might also ask how much employee’s contribution (EE) is … [Read more...]