Starting a business simplified to 6 steps and 8 days; payroll-related payments reduced from 36 to 13
14 April 2015 Manila, Philippines—The Philippines today unveiled reforms simplifying the process of starting a business to 6 steps and 8 days, down from the existing set-up requiring 16 steps and 34 days. The government also announced e-government initiatives for accessible and convenient online transactions for payroll-related payments to Philhealth and Pag-IBIG, reducing the number of payments from 36 to 13 per year.
Starting April 1, vacationing and re-hired overseas Filipino workers will have to pay their premium contributions to the Philippine Health Insurance Corporation (PhilHealth) separately from their payments to the Philippine Overseas Employment Administration (POEA) for their Overseas Employment Certificates (OECs).
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