The Social Security Rate For Companies in Philippines stands at 8 percent. source: Bureau of Internal Revenue

Social Security Rate For Companies in Philippines averaged 7.48 percent from 2006 until 2021, reaching an all time high of 8 percent in 2021 and a record low of 6.24 percent in 2006. This page provides - Philippines Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Social Security Rate For Companies - values, historical data and charts - was last updated on December of 2021.

Social Security Rate For Companies in Philippines is expected to reach 7.67 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Social Security Rate For Companies is projected to trend around 7.67 percent in 2022, according to our econometric models.

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Philippines Social Security Rate For Companies


Related Last Previous Unit Reference
Corporate Tax Rate 30.00 30.00 percent Dec/21
Personal Income Tax Rate 35.00 35.00 percent Dec/21
Sales Tax Rate 12.00 12.00 percent Dec/21
Social Security Rate 12.00 11.36 percent Dec/21
Social Security Rate For Companies 8.00 7.67 percent Dec/21
Social Security Rate For Employees 4.00 3.69 percent Dec/21
Philippines Social Security Rate For Companies
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.