TYPE
Information
CONTRIBUTOR
Department of Finance, Bureau of Internal Revenue, Social Security System
DATE PUBLISHED
April 20, 2020
LAST UPDATED
April 20, 2020 2:51 PM
Highlights
Under the Small Business Wage Subsidy (SBWS) measure, the government, through the Social Security System (SSS), shall provide a wage subsidy of between 5,000 to 8,000 pesos (based on the regional minimum wage) per month per eligible employee.
This is for up to two months.
Overview
The following small businesses will be prioritized:
- BIR-registered and complying with tax obligations during the past three years, up to January 2020.
- SSS-registered and have paid SSS contributions for the past three years up to January 2020 (the last recorded contribution.
Employeers will process the applications for their employees.
To be qualified:
- Must be an employee of an eligible small business
- Must be employed and active as of March 1, 2020 but unable to work due to the ECQ
- Did not get paid by their employer for at least two weeks during the temporary closure or suspension of work in accordance with Labor Advisory No. 1, Series of 2020
- Can be of any contract status (e.g., regular, probationary, regular seasonal, project-based, fixed-term)
- Must be certified by the employer in the application as having met all the above criteria
- Priority will be given to employees that are BIR and SSS-registered and compliant SSS and BIR regulations.
- Employees who have received a subsidy from the Department of Labor and Employment's COVID-19 Adjustment Measures Program (CAMP) shall be eligible for only the first month of the SBWS to avoid duplication.
