The Social Security Rate in Philippines stands at 12 percent. source: Bureau of Internal Revenue

Social Security Rate in Philippines averaged 11.09 percent from 2006 until 2022, reaching an all time high of 12 percent in 2021 and a record low of 9.63 percent in 2006. This page provides - Philippines Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Social Security Rate - values, historical data and charts - was last updated on March of 2023.

Social Security Rate in Philippines is expected to reach 11.36 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Social Security Rate is projected to trend around 11.36 percent in 2023, according to our econometric models.

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Philippines Social Security Rate

Related Last Previous Unit Reference
Personal Income Tax Rate 35.00 35.00 percent Dec 2022
Corporate Tax Rate 25.00 30.00 percent Dec 2022
Sales Tax Rate 12.00 12.00 percent Dec 2022
Social Security Rate 12.00 12.00 percent Dec 2022
Social Security Rate For Companies 8.00 8.00 percent Dec 2022
Social Security Rate For Employees 4.00 4.00 percent Dec 2022

Philippines Social Security Rate
In Philippines, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Philippines because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 12.00 9.63 2006 - 2022 percent Yearly