Categories
Finance

Latest Philhealth Contribution Table 2023

PhilHealth (Philippine Health Insurance Organization) is a government-owned and managed corporation tasked with making healthcare reasonable and accessible to all Filipino residents.

For the year 2023, the PhilHealth premium contribution rate shall remain at 4%. Pursuant to a memorandum issued by the Office of the President, the implementation of the new premium contribution rates and income ceiling for PhilHealth has been temporarily suspended as the Philippine population continues to face economic hardships resultant of the COVID-19 pandemic.

Here’s the Philhealth Contribution Table for 2023:

For Employed Members and Employers

For Self-Employed and Voluntary Members

For Kasambahay

For OFW

Source: Philhealth

Categories
Adulting

Full List of Valid IDs in the Philippines

As a young adult in the Philippines, you must have a valid government-issued identity document. Having one grants you access to a variety of services and activities, from processing documents, applying for a job, opening a bank account, getting a loan, and even voting. We will provide you a list of the most generally recognized IDs in the Philippines as primary and secondary.

Here is a list of valid identification documents in the Philippines:

Primary IDs

ID TypeValidityGovernment Agency
Philippine Passport10 years DFA (Department of Foreign Affairs)
UMID (Unified Multi-Purpose ID)LifetimeSingle ID Card of all SSS, GSIS, Philhealth and PAG-IBIG Members
SSS Card LifetimeSSS (Social Security System)
GSIS CardLifetimeGSIS (Government Service Insurance System)
PRC ID 3 yearsPRC (Professional Regulation Commission)
Driver’s License Student Permit for 1 year
Non-Professional for 3 years
Professional for 5 years or 10 years
LTO (Land Transportation Office)
National IDLifetimePSA (Philippine Statistics Authority)
Voter’s ID LifetimeCOMELEC (Commission on Election)
Senior Citizen IDLifetimeOffice for Senior Citizens Affairs

Secondary IDs

ID TypeValidityGovernment Agency
NBI Clearance1 yearNBI (National Bureau of Investigation)
Police Clearance6 monthsPNP (Philippine National Police)
Barangay Certification6 monthsBarangay Hall
Community Tax Certificate (Cedula)1 yearBarangay Hall
TIN ID Lifetime BIR (Tax Identification Number ID)
PhilHealth IDLifetime Philhealth
Voter’s IDLifetime COMELEC
Postal ID3 yearsPHLPost (Philippine Postal Corporation)
Solo Parent ID LifetimeDSWD (Department of Social Welfare and Development)
PWD ID Card5 yearsPDAO (Persons with Disability Office)
Seaman’s Book10 yearsMARINA (Maritime Industry Authority)
Seafarer’s ID5 yearsMARINA (Maritime Industry Authority)
OFW IDLifetime POEA (Philippine Overseas Employment Association)
OWWA ID2 yearsOWWA (Overseas Workers Welfare Administration)
Student IDDependsSchools
Company IDDependsPrivate companies

Whether you’re looking for a convenient all-in-one ID or a more specialized one for a specific purpose, there’s a valid ID out there for everyone. Select the one that best meets your need and be ready to take the first step towards it. Take your time conducting research, gathering essential paperwork, and making the application process as stress-free as possible.

Categories
Finance

Latest Pag-IBIG Contribution 2023

The Pag-IBIG Fund, commonly known as the Home Development Mutual Fund (HDMF), is a government-run savings program aimed at providing Filipinos with affordable homes and loans.

Here’s the new Pag-ibig Contribution Table for 2023:

For Employed Members and Employers

For Self-Employed

For Kasambahay

For Non-Working Spouse

For OFW Employers Subjected to HDMF

For OFW Employers Not Subjected to HDMF

Source: Pag-ibig Fund

Categories
Finance

Latest BIR Income Tax Rates 2023 Philippines

Another year, another tax season.

Taxpayers will start seeing additional personal income tax reductions on January 1st, 2023, thanks to the implementation of Republic Act 10963, also known as the Tax Reform for Acceleration and Inclusion (TRAIN) law.

Here’s the new Personal Income Tax Rates for 2023.

Source: BIR