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Philippines: New Schedule of Social Security System Contributions

From January 2021 there is a new rate of social security system (SSS) contributions. The latest provision increases the contribution rate to 13%, the minimum MSC to P 3,000, and the maximum MSC to P 25,000. This includes the new Mandatory Provident Fund program administered by the SSS.

 

For more information, please see the New Schedule of SSS Contributions.