Module: PYPH | Molga: 47 | Currency: PHP | Region: APAC
Field | Detail |
Statutory | SSS, PhilHealth, Pag-IBIG, BIR 1601-C, 13th Month Pay, De Minimis |
Tax | Progressive TRAIN Law 0-35% |
Key Feature | 13th Month Pay Mandatory & SSS/PhilHealth/Pag-IBIG |
Pay Frequency | Bi-monthly (1st and 15th, or 15th and end of month) |
Banks | BDO, BPI, Metrobank, Land Bank |
Philippines-Specific Configuration
Chapter 2: Philippine Enterprise Structure
- SSS/PhilHealth/Pag-IBIG employer registration numbers per company
- Payroll cycle: semi-monthly (bi-monthly) - configure 2 payroll areas
- De Minimis benefits: configure non-taxable allowance types
- Rice allowance: PHP 2,000/month
- Uniform allowance: PHP 6,000/year
- Medical cash allowance: PHP 1,500/month
Mandatory Contributions
- SSS: contribution table-based on monthly salary credit; max PHP 4,920/month (ER+EE)
- PhilHealth: 5% of basic salary (2.5% EE + 2.5% ER); ceiling PHP 100,000/month
- Pag-IBIG: PHP 100 EE + PHP 100 ER (min); voluntary higher contributions
Chapter 5.5: Philippine Statutory
- 13th Month Pay: mandatory by December 24; 1/12 of total basic salary earned in year
- BIR Form 1601-C: monthly withholding tax return
- BIR Form 2316: annual employee certificate of compensation (by January 31)
- SSS R-3: monthly employer contribution report
- PhilHealth RF-1: monthly premium remittance form
- Alphalist: annual alphabetical list of employees for BIR
TRAIN Law Tax Rates (2023 onwards)
0% ≤ PHP 250K | 15% PHP 250-400K | 20% PHP 400-800K | 25% PHP 800K-2M | 30% PHP 2-8M | 35% > PHP 8M