Philippines

Currency
Philippine peso (PHP)
Payroll Frequency
Bi-monthly
Employer Taxes
11.75% + provident fund

About 

Philippines

The Philippines is a diverse archipelago in the western Pacific Ocean, made up of over 7,500 islands. It has been independent since 1946 and is considered a developing and newly-industrialized country.

Overview

Population
109,035,343
Language
Filipino
Capital
Manila
Currency
Philippine peso (PHP)
Country code
+63
Min wage
537 PHP per day
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Cycle

Bi-monthly

Avg employer tax

11.75% + provident fund

Taxation

Tax breakdown - Employer
  • Social Security System: 8%
  • Philippine Health Insurance Corporation (PHIC): 1.75%
  • Home Development Mutual Fund (HDMF): 2%
  • Provident Fund (WISP): 425 PP per month
VAT

12%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 1 Feb: Chinese New Year
  • 25 Feb: EDSA Revolution Anniversary
  • 9 Apr: Day of Valor
  • 14 Apr: Maundy Thursday
  • 15 Apr: Good Friday
  • 16 Apr: Black Saturday
  • 1 May: Labor Day
  • 3 May: Eidul Fitr
  • 12 Jun: Independence Day
  • 9 Jul: Eidul Adha
  • 21 Aug: Ninoy Aquino Day
  • 29 Aug: National Heroes Day
  • 1 Nov: All Saints' Day
  • 30 Nov: Bonifacio Day
  • 8 Dec: Immaculate Conception
  • 25 Dec: Christmas Day
  • 30 Dec: Rizal Day
  • 31 Dec: New Year's Eve

NB - the dates of Eidul Fitr and Eidul Adha are estimates and yet to be confirmed.

Sick days

Sick leave is categorized as paid annual leave, employees are entitled to a minimum of five days such leave after completing one year of service.

Maternity leave

Mothers who have completed at least one year’s service with an organization are entitled to 105 days of paid maternity leave (or 120 days in the case of single mothers). Pay is 100% of salary and employers are reimbursed for these payments by social security.

Paternity leave

Mandatory paid paternity leave in the Philippines is seven days from the date of birth.

Termination

Termination Process

The Philippines has a standard, legally defined termination process which can be triggered according to a prescribed list of reasons for termination. Termination without notice is only possible if the employer can prove misconduct.

Notice Period

Employees wishing to terminate their employment must provide at least 30 days’ notice.

Severance Pay

In instances in which the employer has initiated termination, severance pay equals one month’s salary for each year of service.

Probation Period

Probation periods are six months.

Tax Calculation

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PH
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Top Countries
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

Let’s Chat

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Philippines

Currency
Philippine peso (PHP)
Payroll Frequency
Bi-monthly
Employer Taxes
11.75% + provident fund

About 

Philippines

The Philippines is a diverse archipelago in the western Pacific Ocean, made up of over 7,500 islands. It has been independent since 1946 and is considered a developing and newly-industrialized country.

Overview

Population
109,035,343
Language
Filipino
Capital
Manila
Currency
Philippine peso (PHP)
Country code
+63
Min wage
537 PHP per day
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Cycle

Bi-monthly

Avg employer tax

11.75% + provident fund

Taxation

Tax breakdown - Employer
  • Social Security System: 8%
  • Philippine Health Insurance Corporation (PHIC): 1.75%
  • Home Development Mutual Fund (HDMF): 2%
  • Provident Fund (WISP): 425 PP per month
VAT

12%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 1 Feb: Chinese New Year
  • 25 Feb: EDSA Revolution Anniversary
  • 9 Apr: Day of Valor
  • 14 Apr: Maundy Thursday
  • 15 Apr: Good Friday
  • 16 Apr: Black Saturday
  • 1 May: Labor Day
  • 3 May: Eidul Fitr
  • 12 Jun: Independence Day
  • 9 Jul: Eidul Adha
  • 21 Aug: Ninoy Aquino Day
  • 29 Aug: National Heroes Day
  • 1 Nov: All Saints' Day
  • 30 Nov: Bonifacio Day
  • 8 Dec: Immaculate Conception
  • 25 Dec: Christmas Day
  • 30 Dec: Rizal Day
  • 31 Dec: New Year's Eve

NB - the dates of Eidul Fitr and Eidul Adha are estimates and yet to be confirmed.

Sick days

Sick leave is categorized as paid annual leave, employees are entitled to a minimum of five days such leave after completing one year of service.

Maternity leave

Mothers who have completed at least one year’s service with an organization are entitled to 105 days of paid maternity leave (or 120 days in the case of single mothers). Pay is 100% of salary and employers are reimbursed for these payments by social security.

Paternity leave

Mandatory paid paternity leave in the Philippines is seven days from the date of birth.

Termination

Termination Process

The Philippines has a standard, legally defined termination process which can be triggered according to a prescribed list of reasons for termination. Termination without notice is only possible if the employer can prove misconduct.

Notice Period

Employees wishing to terminate their employment must provide at least 30 days’ notice.

Severance Pay

In instances in which the employer has initiated termination, severance pay equals one month’s salary for each year of service.

Probation Period

Probation periods are six months.

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
PH
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Top Countries
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation