SCHEDULE OF SS AND EC CONTRIBUTIONS

EFFECTIVE JANUARY 2014

MONTHLY EMPLOYER-EMPLOYEE SE/VM/OFW*
RANGE OF SALARY SOCIAL SECURITY EC TOTAL CONTRIBUTION TOTAL
COMPENSATION CREDIT ER EE Total ER ER EE Total CONTRIBUTION
1,000 - 1,249.99 1,000 73.70 36.30 110.00 10.00 83.70 36.30 120.00 110.00
1,250 - 1,749.99 1,500 110.50 54.50 165.00 10.00 120.50 54.50 175.00 165.00
1,750 - 2,249.99 2,000 147.30 72.70 220.00 10.00 157.30 72.70 230.00 220.00
2,250 - 2749.99 2,500 184.20 90.80 275.00 10.00 194.20 90.80 285.00 275.00
2,750 - 3249.99 3,000 221.00 109.00 330.00 10.00 231.00 109.00 340.00 330.00
3,250 - 3,749.99 3,500 257.80 127.20 385.00 10.00 267.80 127.20 395.00 385.00
3,750 - 4,249.99 4,000 294.70 145.30 440.00 10.00 304.70 145.30 450.00 440.00
4,250 - 4,749.99 4,500 331.50 163.50 495.00 10.00 341.50 163.50 505.00 495.00
4,750 - 5,249.99 5,000 368.30 181.70 550.00 10.00 378.30 181.70 560.00 550.00
5,250 - 5,749.99 5,500 405.20 199.80 605.00 10.00 415.20 199.80 615.00 605.00
5,750 - 6,249.99 6,000 442.00 218.00 660.00 10.00 452.00 218.00 670.00 660.00
6,250 - 6,749.99 6,500 478.80 236.20 715.00 10.00 488.80 236.20 725.00 715.00
6,750 - 7,249.99 7,000 515.70 254.30 770.00 10.00 525.70 254.30 780.00 770.00
7,250 - 7,749.99 7,500 552.50 272.50 825.00 10.00 562.50 272.50 835.00 825.00
7,750 - 8,249.99 8,000 589.30 290.70 880.00 10.00 599.30 290.70 890.00 880.00
8,250 - 8,749.99 8,500 626.20 308.80 935.00 10.00 636.20 308.80 945.00 935.00
8,750 - 9,249.99 9,000 663.00 327.00 990.00 10.00 673.00 327.00 1,000.00 990.00
9,250 - 9,749.99 9,500 699.80 345.20 1,045.00 10.00 709.80 345.20 1,055.00 1,045.00
9,750 - 10,249.99 10,000 736.70 363.30 1,100.00 10.00 746.70 363.30 1,110.00 1,100.00
10,250 - 10,749.99 10,500 773.50 381.50 1,155.00 10.00 783.50 381.50 1,165.00 1,155.00
10,750 - 11,249.99 11,000 810.30 399.70 1,210.00 10.00 820.30 399.70 1,220.00 1,210.00
11,250 - 11,749.99 11,500 847.20 417.80 1,265.00 10.00 857.20 417.80 1,275.00 1,265.00
11,750 - 12,249.99 12,000 884.00 436.00 1,320.00 10.00 894.00 436.00 1,330.00 1,320.00
12,250 - 12,749.99 12,500 920.80 454.20 1,375.00 10.00 930.80 454.20 1,385.00 1,375.00
12,750 - 13,249.99 13,000 957.70 472.30 1,430.00 10.00 967.70 472.30 1,440.00 1,430.00
13,250 - 13,749.99 13,500 994.50 490.50 1,485.00 10.00 1,004.50 490.50 1,495.00 1,485.00
13,750 - 14,249.99 14,000 1,031.30 508.70 1,540.00 10.00 1,041.30 508.70 1,550.00 1,540.00
14,250 - 14,749.99 14,500 1,068.20 526.80 1,595.00 10.00 1,078.20 526.80 1,605.00 1,595.00
14,750 - 15,249.99 15,000 1,105.00 545.00 1,650.00 30.00 1,135.00 545.00 1,680.00 1,650.00
15,250 - 15,749.99 15,500 1,141.80 563.20 1,705.00 30.00 1,171.80 563.20 1,735.00 1,705.00
15,750 - Over 16,000 1,178.70 581.30 1,760.00 30.00 1,208.70 581.30 1,790.00 1,760.00
 Premium Contribution Schedule

For the Employed Sector

Effective January 1, 2007

The premium contribution schedule for members of the Employed Sector shall be revised as follows:

Monthly
Salary Salary Total Monthly Employee Share (EeS) Employer Share (ErS)
Bracket Monthly Salary Range Base (SB) Contribution (Ees = 0.5 x TMC) (Ers = 0.5 x TMC)
1 8,000.00 to 8,999.99 8,000.00 275.00 137.50 137.50
2 9,000.00 to 9,999.99 9,000.00 275.00 137.50 137.50
3 10,000.00 to 10,999.99 10,000.00 275.00 137.50 137.50
4 11,000.00 to 11,999.99 11,000.00 302.50 151.25 151.25
5 12,000.00 to 12,999.99 12,000.00 330.00 165.00 165.00
6 13,000.00 to 13,999.99 13,000.00 357.50 178.75 178.75
7 14,000.00 to 14,999.99 14,000.00 385.00 192.50 192.50
8 15,000.00 to 15,999.99 15,000.00 412.50 206.25 206.25
9 16,000.00 to 16,999.99 16,000.00 440.00 220.00 220.00
10 17,000.00 to 17,999.99 17,000.00 467.50 233.75 233.75
11 18,000.00 to 18,999.99 18,000.00 495.00 247.50 247.50
12 19,000.00 to 19,999.99 19,000.00 522.50 261.25 261.25
13 20,000.00 to 20,999.99 20,000.00 550.00 275.00 275.00
14 21,000.00 to 21,999.99 21,000.00 577.50 288.75 288.75
15 22,000.00 to 22,999.99 22,000.00 605.00 302.50 302.50
16 23,000.00 to 23,999.99 23,000.00 632.50 316.25 316.25
17 24,000.00 to 24,999.99 24,000.00 660.00 330.00 330.00
18 25,000.00 to 25,999.99 25,000.00 687.50 343.75 343.75
19 26,000.00 to 26,999.99 26,000.00 715.00 357.50 357.50
20 27,000.00 to 27,999.99 27,000.00 742.50 371.25 371.25
21 28,000.00 to 28,999.99 28,000.00 770.00 385.00 385.00
22 29,000.00 to 29,999.99 29,000.00 797.50 398.75 398.75
23 30,000.00 to 30,999.99 30,000.00 825.00 412.50 412.50
24 31,000.00 to 31,999.99 31,000.00 852.50 426.25 426.25
25 32,000.00 to 32,999.99 32,000.00 880.00 440.00 440.00
26 33,000.00 to 33,999.99 33,000.00 907.50 453.75 453.75
27 34,000.00 to 34,999.99 34,000.00 935.00 467.50 467.50
28 35,000.00 to 35,999.99 35,000.00 962.50 481.25 481.25
29 36,000.00 to 36,999.99 36,000.00 990.00 495.00 495.00
30 37,000.00 to 37,999.99 37,000.00 1,017.50 508.75 508.75
31 38,000.00 to 38,999.99 38,000.00 1,045.00 522.50 522.50
32 39,000.00 to 39,999.99 39,000.00 1,072.50 536.25 536.25
33 40,000.00 and above 40,000.00 1,100.00 550.00 550.00
If Taxable Income is:
Not over P 10,000
Over P 10,000 but not over P 30,000
Over P 30,000 but not over P 70,000
Over P 70,000 but not over P 140,000
Tax Due is:
P 500 + 10 % of the excess over P
P 2,500 + 15 % of the excess over
P 8,500 + 20 % of the excess over
Note : Effectiv
 If Taxable Income is:
5%
of the excess over P 10,000 Over P 140,000 but not over P
% of the excess over P 30,000 Over P 250,000 but not over P
% of the excess over P 70,000 Over P 500,000
Note : Effective January 1, 1999, the maximum rate will be changed to 33% and 32% on Jan

3,000,000.00
(250,000.00)

2,750,000.00

2,750,000.00
880,000.00
(300,000.00)

220,000.00
Taxable Income is: Tax Due is:

40,000 but not over P 250,000 P 22,500 + 25 % of the excess over P 140,
50,000 but not over P 500,000 P 50,000 + 30 % of the excess over P 250,
P 125,000 + 32 % of the excess over P 500,
o 33% and 32% on January 1, 2000.
excess over P 140,000
excess over P 250,000
excess over P 500,000
 SCHEDULES OF ALPHANUMERIC TAX CODES
A Income Payments subject to Expanded Withholding Tax ATC
IND
1 Professional/talent fees paid to juridical persons/individuals (lawyers, CPAs, etc.)
-if current year's gross income does not exceed P720,000.00 WI 010
-if current year's gross income exceed P720,000.00 WI 011
2 Professional entertainers-
WI 020
-if current year's gross income does not exceed P720,000.00
-if current year's gross income exceed P720,000.00 WI 021
3 Professional athletes-
WI 030
-if current year's gross income does not exceed P720,000.00
-if current year's gross income exceed P720,000.00 WI 031
4 Movie, stage, radio, television and musical directors-
WI 040
-if current year's gross income does not exceed P720,000.00
-if current year's gross income exceed P720,000.00 WI 041
5 Management & technical consultants
-if current year's gross income does not exceed P720,000.00 WI 050
-if current year's gross income exceed P720,000.00 W 051
6 Bookkeeping agents and agencies
-if current year's gross income does not exceed P720,000.00 WI 060
-if current year's gross income exceed P720,000.00 WI 061
7 Insurance agents & insurance adjusters
-if current year's gross income does not exceed P720,000.00 WI 070
-if current year's gross income exceed P720,000.00 WI 071
8 Other recipient of talents fees-
WI 080
-if current year's gross income does not exceed P720,000.00
-if current year's gross income exceeds P720,000.00 WI 081
9 Fees of directors who are not employee of the company
-if current year's gross income does not exceed P720,000.00 WI 090
-if current year's gross income exceeds P720,000.00 WI 091
10 Rentals - Real Properties and Personal Properties, Poles, Satellites and Transmission facilities and Billboards WI 100
11 Cinematographic film rentals WI 110
12 Prime contractors/Sub-contractors WI 120
13 Income distribution to beneficiaries of estates & trusts WI 130
14 Gross commissions or service fees of customs, insurance, stock, real estate, immigration & commercial brokers
WI 140
& fees of agents of professional entertainers
15 Payment to medical practitioners thru a duly registered professional partnership WI 141
16 Payments for medical/dental veterinary services thru hospitals/clinics/health maintenance organizations including
direct payments to service providers
-if current year's gross income does not exceed P720,000.00 WI 151
-if current year's gross income exceeds P720,000.00 WI 150
17 Payment to partners in general professional partnership
-if current year's gross income does not exceed P720,000.00 WI 152
-if current year's gross income exceeds P720,000.00 WI 153
18 Income payments made by credit card companies to any business entity WI 156
19 Income payments made by the government to its local/resident suppliers of goods WI 640
20 Payments made by government offices on their purchases of goods and services from local/resident suppliers WI 157
21 Payments made by top 10,000 private corporations to their local/resident suppliers of goods WI 158
22 Payments made by top 10,000 private corporations to their local/resident suppliers of services WI 160
23 Additional payments to gov't. personnel from importers , shipping and airline companies or their agents WI 159
24 Commissions, rebates, discounts and other similar considerations paid/granted to independent and exclusive
distributors, medical/technical and sales reperesentatives and marketing agents and sub-agents of WI 515
 WI 515
multi-level marketing companies
25 Gross payments made to embalmers by funeral companies WI 530
26 Payments made by pre-need companies to funeral parlors WI 535
27 Tolling fee paid to refineries WI 540
28 Sale of Real Property (Ordinary Asset) 1.5% WI 555
3% WI 556
5% WI 557
6% WI 558
29 Income payments made to suppliers of agricultural products WI 610
30 Interest payments by any person other than those subject to final tax WI 620
31 Income payments on purchases of minerals, mineral products & quarry resources WI 630
B Money Payments Subject to Withholding of Business Tax by Government Payor only
32 Tax on carriers and keepers of garages WB 030
33 Franchise Tax on Gas and Water Utilities WB 040
34 Franchise Tax on radio & TV broadcasting companies whose annual gross receipts does not exceed P10M
WB 050
and who are not Value-Added Tax registered taxpayers
35 Tax on life insurance premiums WB 070
36 Tax on Overseas Dispatch, Message or Conversation originating from the Phils. WB 090
Tax on Banks and Non-Bank Financial Intermediaries Performing Quasi-Banking Functions
37 A. On interest, commissions and discounts from lending activities as well as income from financial leasing, on the
basis of the remaining maturities of instrument from which such receipts are derived
- Maturity period is five years or less 5% WB 301
- Maturity period is more than five years 1% WB 303
38 Tax on royalties, rentals of property, real or personal, profits from exchange & all other items treated as gross income
WB 103
under Section 32 of the Code 7%
39 On net trading gains within the taxable year on foreign currency,debt securities, derivatives, and other
WB 104
financial instruments 7%
Tax on Other Non-Banks Financial Intermediaries Not Performing Quasi-Banking Functions
A. On interest, commissions and discounts from lending activities as well as income from financial leasing, on the basis
of the remaining maturities of instrument from which such receipts are derived
40 - Maturity period is five years or less 5% WB 108
41 - Maturity period is more than five years 1% WB 109
42 B. On all other items treated as gross income under the code 5% WB 110
43 Business Tax on Agents of foreign insurance co.- insurance agents 10% WB 120
44 Business Tax on Agents of foreign insurance co.-owner of the property 5% WB 121
45 Tax on International Carriers WB 130
46 Tax on Cockpits WB 140
47 Tax on Cabaret, night and day club WB 150
48 Tax on Boxing exhibitions WB 160
49 Tax on Professional basketball games WB 170
50 Tax on jai-alai and race tracks WB 180
51 Tax on sale, barter or exchange of stocks listed & traded through Local Stock Exchange WB 200
52 Tax on shares of stock sold or exchanged through initial and secondary public offering
- Not over 25% 4% WB 201
- Over 25% but not exceeding 33 1/3 % 2% WB 202
- Over 33 1/3% 1% WB 203
C Money Payments Subject to Withholding of Business Tax by Government or Private Payors (Individual & Corporate)
53 Person exempt from VAT under Sec. 109 (v) (Government withholding agent) 3% WB 080
54 Person exempt from VAT under Sec. 109 (v) (Private withholding agent) 3% WB 082
55 Vat Withholding on Purchase of Goods (with waiver of privilege to claim input tax credits) 10% WV 012
56 Vat Withholding on Purchase of Services (with waiver of privilege to claim input tax credits) 10% WV 022
ATC
CORP

WC 010
WC 011

WC 100
WC 110
WC 120

WC 140

WC 156
WC 640
WC 157
WC 158
WC 160

WC 515
 WC 515

WC 535
WC 540
WC 555
WC 556
WC 557
WC 558
WC 610
WC 620
WC 630

WB 030
WB 040

WB 050

WB 070
WB 090

WB 301
WB 303

WB 103

WB 104

WB 108
WB 109
WB 110
WB 120
WB 121
WB 130
WB 140
WB 150
WB 160
WB 170 wc250
WB 180 wc341
WB 200

WB 201
WB 202
WB 203
Individual & Corporate)
WB 080
WB 082
WV 012
WV 022
De Minimis Benefits not subject to Income Tax
RR 5-2011

1 Monetized unused VL credits not exceeding ten (10) days

2 Monetized value of VL/SL credits paid to government officials and employees
3 Medical cash alloance to dependents not exceeding P750 per semester or P125 per month
Rice subsidy
4 Uniform and clothing allowance not exceeding P4,000/annum
5 Actual medical assistance not exceeding P10,000/annum
6 Laundry allowance not exceeding P300 per month
7 Employees achievement awards not exceeding P10,000 per year
8 Gifts given during Christmas and major anniversary celebrations not exceeding P5,000/employee/yr
9 Daily meal allowance for OT works not exceeding 25% of the basic minimum wage
 1,500.00
18,000.00
4,000.00
10,000.00
3,600.00

5,000.00

42,100.00