New Schedule of Social Security (SS) Contributions Effective January 2023

20 Dec 2022

Pursuant to Republic Act No. 11199 or the Social Security Act of 2018 which includes a provision that increases the SS contribution rate to 14% for the calendar year 2023, with a minimum Monthly Salary Credit (MSC) to P4,000, and the maximum MSC to P30,000. The new schedule of contributions of ER and EE is hereby issued and will take effect for the applicable month of January 2023 as per Social Security Commission (SSC) Resolution No. 751-s.2022 dated 25 November 2022.

Implementation of the 4.5% Contribution Rate and Salary Cap for the Year 2023, In Accordance with the Schedule Provided in Section 10 of Republic Act No. 11223 or the "Universal Health Care Act"

20 Dec 2022

With reference to the request for guidance on the implementation of the PhilHealth premium increase of 4.5% for Calendar Year 2023, with an income floor of P10,000 and income ceiling of P90,000, it is advised that pursuant to Section 10 of Republic Act (RA) No. 11223 or the "Universal Health Care Act", the increase in the rates of contribution and income ceiling shall carry on as scheduled.

SEC 2023 Schedule for Filing of the Audited Financial Statements and General Information Sheet

14 Dec 2022

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC or the Commission) Memorandum Circular No 09 (MC/the Circular) series of 2022 dated December 6, 2022.

Tax Mapping or Tax Compliance Verification Drive (TCVD)

29 Nov 2022

This tax alert is issued to remind taxpayers of the usual compliance check conducted by the BIR during tax mapping.

Tax treatment of equity-based compensation and reportorial requirements

22 Nov 2022

This Tax Alert is issued to inform all concerned on clarifications of issues relating to the income tax treatment of equity-based compensation pursuant to Revenue Regulations (RR) No. 13-2022.