The Social Security Rate in Philippines stands at 11.36 percent.

Social Security Rate in Philippines averaged 10.95 percent from 2006 until 2019, reaching an all time high of 11.36 percent in 2014 and a record low of 9.63 percent in 2006. This page provides - Philippines Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Social Security Rate - values, historical data and charts - was last updated on October of 2020. source: Bureau of Internal Revenue

Social Security Rate in Philippines is expected to reach 11.36 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Social Security Rate is projected to trend around 11.36 percent in 2021, according to our econometric models.

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Philippines Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.36 11.36 11.36 9.63 2006 - 2019 percent Yearly

Philippines Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 35.00 30.00 percent [+]
Personal Income Tax Rate 35.00 35.00 35.00 32.00 percent [+]
Sales Tax Rate 12.00 12.00 12.00 10.00 percent [+]
Social Security Rate 11.36 11.36 11.36 9.63 percent [+]
Social Security Rate For Companies 7.67 7.67 7.67 6.24 percent [+]
Social Security Rate For Employees 3.69 3.69 3.69 3.39 percent [+]

Philippines Social Security Rate
In Philippines, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Philippines because they help to pay for many social programs including welfare, health care and many other benefits.