This comprehensive guide provides employers with everything they need to know about payroll costs and compliance in the Philippines. From mandatory contributions to SSS (14% of salary, capped at PHP 2,880), PhilHealth (5% capped at PHP 2,500), and Pag-IBIG (2%), to the 13th Month Pay, which is equal to 8.335% of an employee’s base salary, this guide covers all the essential financial ... https://globalsquirrels.com/philippines-payroll-costs-and-calculations/