Philippines – 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.

SSS has also issued several SS Circulars last December 13, 2022 to disseminate the scheduled hike in the SS rates. You may refer to below table and link to directly view the circular as published by the SSS.

SSS Circular Number  SS Circular Title
2022-033 New Schedule of Social Security (SS) Contributions for Employers (ERs) and Employees (EEs) Effective January 2023
2022-034 New Schedule of Social Security (SS) Contributions For Self-Employed Effective January 2023
2022-035 New Schedule of Social Security (SS) Contributions for Voluntary and Non-Working Spouse Members Effective January 2023
2022-036 New Schedule of Social Security (SS) Contributions for Land-Based Overseas Filipino Workers (OFW) Effective January 2023
2022-037 New Schedule of Social Security (SS) Contributions for Household Employers (HRs) and Kasambahay/Household Employee (HE) Members Effective January 2023

 

 

 

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