Wednesday, January 11, 2012

New payment schemes for SSS monthly contributions

The Social Security System (SSS) released a memo last year for the new monthly contributions payment deadlines for employed, self-employed and voluntary members.

This new changes will start for the applicable month of June 2012 for monthly payment and June 30, 2012 for the quarterly payment.

The new deadline of payment for regular employers (ER) :

If the 10th digit of the Deadline of Payment
13 digit ER No. ends in: (following the applicable month)
1 - 2 10th day of every month
3 - 4 15th day of every month
5 - 6 20th day of every month
7 - 8 25th day of every month
9 - 0 Last day of every month

Example: If your ER No. is 03-1234567-8-016 with 8 as the 10th number, your deadline foryour monthly contributions for the applicable month of June is on July 25.

For household employers (HRs), self-employed (SE) and voluntary members (VM):

If the 10th digit of the Deadline of Payment
SS No. ends in: (following the applicable month)
1 - 2 10th day of every month
3 - 4 15th day of every month
5 - 6 20th day of every month
7 - 8 25th day of every month
9 - 0 Last day of every month

Example: If your SS No. is 01-2345678-9 with 9 being the 10th number, payment deadline for contributions and loans for the month of June 30, in case of quarterly payment is on July 31.




No comments:

Post a Comment