- Country Guide
- Philippines
Philippines
Last Update by Julie, 06 Oct 2024
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Exchange Rate
10 Oct 2024
Cost of Living
Indicative value for a working adult in a city: Manila
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (PHP) |
|---|---|
| McDonalds Set Meal | 250 |
| Monthly Train and Bus Tickets | 580 |
| 3 Bedrooms Rental (City Center) | 92,700 |
| 3 Bedrooms Rental (Outskirt) | 36,300 |
Current Inflation Rate
3.5%
Wage
Minimum Wages
- The minimum wage is PHP610/day.
Minimum wage rates vary by region in the Philippines.
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (PHP) |
|---|---|
|
Entry-Level
Fresh Graduate
|
16,000 |
|
Mid-Level
5 Years
|
36,000 |
|
Experienced & Managerial Level
10 Years
|
70,000 |
|
Specialized & Senior-Level
15 Years
|
>100,000 |
Annual Salary Growth
5%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Security System (SSS) | 9.5% | 4.5% | All staff, minimum salary for contribution is PHP4,000, and contribution is capped at PHP30,000. |
| PhilHealth | 2.5% | 2.5% | All staff, contribution is capped at PHP2,500 per month. |
| HDMF | 2% | 2% | All staff, contribution is capped at PHP200 per month. |
| 13 month salary | 1 month salary | - | All staff in the private sector |
Other Benefit
Other common employment benefits in Philippines include:
- Additional Health Insurance: About PHP1,500/month.
- De minimis: About PHP3,500/month
- Home working allowance: About PHP4,500/month
Income Tax
Residents
-
Tax period: 1 Jan till 31 Dec of the previous year.
Tax filing start date: February of the following year.
Tax filing due date: 15th April of the following year.
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 250,000 | 0% |
| 250,000 – 400,000 | 15% |
| 400,000 – 800,000 | 20% |
| 800,000 – 2,000,000 | 25% |
| 2,000,000 – 8,000,000 | 30% |
| Over 8,000,000 | 35% |
Non-residents
- Flat rate at 25%
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
40 hours, 8am to 5pm
Monday - Friday
Overtime
- Workdays: 125% of regular hourly pay
- Rest day and public holidays :130% of regular hourly pay
Employment Contract
Fixed-Term
Used for project-based, seasonal work, temporary staffing arrangements and filling in absent staff that are sick or on maternity leave
Contract Format
Verbal or written in Filipino or English.
Payroll Currency
PHP
Contract Period
No minimum, maximum duration or renewal conditions
Termination
-
Voluntary resignation and involuntary termination for staff and employers
- 30 days -
Severance:
- For Installation of a labor-saving devices, redundancy, retrenchment, closure or undertakings
- 1.5 month pay for every year of service
- 6 months' service is considered as one whole year
Public Holiday
18 days
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 09 Feb | Special Non-Working Day |
| 10 Feb | Chinese New Year's Day |
| 28 Mar | Maundy Thursday |
| 29 Mar | Good Friday |
| 30 Mar | Black Saturday |
| 09 Apr | Araw ng Kagitingan/Day of Valor |
| 10 Apr | Observance of Feast of Ramadhan |
| 01 May | Labor Day |
| 12 Jun | Independence Day |
| 17 Jun | EID'L Adha (Feast of Sacrifice) |
| 23 Aug | Ninoy Aquino Day |
| 26 Aug | National Heroes' Day |
| 01 Nov | All Saints' Day |
| 02 Nov - 30 Nov | All Souls' Day |
| 30 Nov | Bonifacio Day |
| 08 Dec | Feast of the Immaculate Conception of Mary |
| 24 Dec - 25 Dec | Christmas Day |
| 30 Dec | Rizal Day |
| 31 Dec | Last Day of the Year |
State/Province Level
Metro Manila
| Date | Name |
|---|---|
| 09 Jan | Feast of the Black Nazarena |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual/ Service Incentive Leave |
5 working days, common practice up to 15 working days. |
All staff with 1 year of service. |
| Maternity |
- 105 calendar days for general deliveries. - 105 calendar days + 15 days for solo parents. - 60 calendar days for miscarriage |
All female staff with 3 months social security contributions within the12 months before birth. |
| Solo Parent Leave | 7 working days | All staff with 6 months service providing sole care and support to a child. |
| Special Leave for Women | 2 months | All female staff who undergo surgery due to gynecological disorders. |
| Paternity Leave | 7 working days per birth, up to 4 births | All expectant married fathers |
| Leave for Victims of Violence Against Women and their Children | 10 working days | All female staff who have suffered violence, to attend to medical and legal concerns |
| Sick Leave | 120 days per calendar year | All staff with 3 months of social security contributions within the 12 months before sickness. |
| Bereavement Leave | 10 working days per year | All staff in the event of the death of a spouse, parent, child, brother, or sister. |
Reference
- https://www.numbeo.com/cost-of-living/in/Manila
- https://blr.dole.gov.ph/2014/12/11/labor-code-of-the-philippines/
- https://www.philhealth.gov.ph/partners/employers/ContributionTable_v2.pdf
- https://pagibiginquiries.online/pag-ibig-contribution-table/
- https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=ssbenefits
- https://www.sss.gov.ph/sss/DownloadContent?fileName=IRR-RA-11210_resized.pdf
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Contact UsCountry Guide - Philippines
Last updated: 06 Oct 2024
Exchange Rate
Currency (PHP)
- 1 CNY = 0.185 PHP
- 1 USD = 1.32 PHP
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Manila
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (PHP) |
|---|---|
| McDonalds Set Meal | 250 |
| Monthly Train and Bus Tickets | 580 |
| 3 Bedrooms Rental (City Center) | 92,700 |
| 3 Bedrooms Rental (Outskirt) | 36,300 |
Current Inflation Rate
3.5%
Wage
Minimum Wages
- The minimum wage is PHP610/day.
Minimum wage rates vary by region in the Philippines.
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (PHP) |
|---|---|
|
Entry-Level
Fresh Graduate
|
16,000 |
|
Mid-Level
5 Years
|
36,000 |
|
Experienced & Managerial Level
10 Years
|
70,000 |
|
Specialized & Senior-Level
15 Years
|
>100,000 |
Annual Salary Growth
5%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Security System (SSS) | 9.5% | 4.5% | All staff, minimum salary for contribution is PHP4,000, and contribution is capped at PHP30,000. |
| PhilHealth | 2.5% | 2.5% | All staff, contribution is capped at PHP2,500 per month. |
| HDMF | 2% | 2% | All staff, contribution is capped at PHP200 per month. |
| 13 month salary | 1 month salary | - | All staff in the private sector |
Other Benefit
Other common employment benefits in Philippines include:
- Additional Health Insurance: About PHP1,500/month.
- De minimis: About PHP3,500/month
- Home working allowance: About PHP4,500/month
Income Tax
Residents
-
Tax period: 1 Jan till 31 Dec of the previous year.
Tax filing start date: February of the following year.
Tax filing due date: 15th April of the following year.
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 250,000 | 0% |
| 250,000 – 400,000 | 15% |
| 400,000 – 800,000 | 20% |
| 800,000 – 2,000,000 | 25% |
| 2,000,000 – 8,000,000 | 30% |
| Over 8,000,000 | 35% |
Non-residents
- Flat rate at 25%
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
40 hours, 8am to 5pm
Monday - Friday
Overtime
- Workdays: 125% of regular hourly pay
- Rest day and public holidays :130% of regular hourly pay
Employment Contract
Probationary Employment
Specifically used for assessing staff's capability for a role.
Probation
Up to 6 months
Termination
-
Voluntary resignation and involuntary termination for staff and employers
- 30 days
Fixed-Term
Used for project-based, seasonal work, temporary staffing arrangements and filling in absent staff that are sick or on maternity leave
Termination
-
Voluntary resignation and involuntary termination for staff and employers
- 30 days -
Severance:
- For Installation of a labor-saving devices, redundancy, retrenchment, closure or undertakings
- 1.5 month pay for every year of service
- 6 months' service is considered as one whole year
Permanent
Probation
Up to 6 months
Termination
-
Voluntary resignation and involuntary termination for staff and employers
- 30 days -
Severance Pay:
Applicable under specific circumstances such as:
- Installation of labor-saving devices.
- Redundancy or retrenchment.
- Closure of business.
Severance pay is calculated as 1.5 months' pay for every year of service.
- A service period of 6 months is considered equivalent to one whole year for severance calculations.
Public Holiday
18 days
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual/ Service Incentive Leave |
5 working days, common practice up to 15 working days. |
All staff with 1 year of service. |
| Maternity |
- 105 calendar days for general deliveries. - 105 calendar days + 15 days for solo parents. - 60 calendar days for miscarriage |
All female staff with 3 months social security contributions within the12 months before birth. |
| Solo Parent Leave | 7 working days | All staff with 6 months service providing sole care and support to a child. |
| Special Leave for Women | 2 months | All female staff who undergo surgery due to gynecological disorders. |
| Paternity Leave | 7 working days per birth, up to 4 births | All expectant married fathers |
| Leave for Victims of Violence Against Women and their Children | 10 working days | All female staff who have suffered violence, to attend to medical and legal concerns |
| Sick Leave | 120 days per calendar year | All staff with 3 months of social security contributions within the 12 months before sickness. |
| Bereavement Leave | 10 working days per year | All staff in the event of the death of a spouse, parent, child, brother, or sister. |
Reference
- https://www.numbeo.com/cost-of-living/in/Manila
- https://blr.dole.gov.ph/2014/12/11/labor-code-of-the-philippines/
- https://www.philhealth.gov.ph/partners/employers/ContributionTable_v2.pdf
- https://pagibiginquiries.online/pag-ibig-contribution-table/
- https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=ssbenefits
- https://www.sss.gov.ph/sss/DownloadContent?fileName=IRR-RA-11210_resized.pdf
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000