To help you better understand the process of Philippine Payroll we have decided to share some knowledge about the local payroll setting. Let us start our topic with some of the deductions and benefits found in your payslip. These topics will talk about various government requirements and their relation to payroll processing.
SOCIAL SECURITY SYSTEM (SSS)
Republic Act No. 1161 gave birth to the “Social Security Law”. This was further amended by Republic Act No. 8282 otherwise known as the “Social Security Act of 1997”. (more…)