COST OF DOING BUSINESS IN THE PHILIPPINES

(As of February 2017)

REGISTRATION FEES

Securities and Exchange Commission (SEC)

I. REGISTRATION OF NEW CORPORATIONS/ PARTNERSHIPS (fees as of 20 May 2004)
A. Name Verification/Reservation Fee P40.00 per allowed name (30 day-reservation)

B. Articles of Incorporation/Partnership
1. Stock Corporation with par value
2. Stock Corporation without par value
3. Non-stock corporation
4. Partnerships
C. By-laws of both stock and non-stock corporation
D. Applications Under Foreign Investments Act
E. License to Operate Foreign Corporations
1. Branch Office
2. Representative Office
3. Regional Headquarters of Multinational Corporations
4. Regional Operating Headquarters or Petition for
Conversion of an Area or Regional Headquarters into
Regional Operating Headquarters
5. Non-stock Foreign Corporation
*Legal Research Fee (LRF)
1/5 of 1% of the authorized capital stock or the
subscription price of the subscribed capital stock
whichever is higher but not less than P1,000.00 plus
LRF*
1/5 of 1% of the authorized capital stock computed at
P100.00 per share or the subscription price of the
subscribed capital stock whichever is higher but not less
than P1,000.000 plus LRF*
P500.00 plus LRF
1/5 of 1% of the partnerships capital but not less than
P1,000.00 plus LRF
P500.00 plus LRF
P2,000.00 plus (in addition to filing fee for articles of
incorporation)
Filing fee is 1% of the actual inward remittance of the
branch of foreign corporation converted into Philippine
currency but not less than P2,000.00 plus LRF
Filing fee is 1/10 of 1% of the actual inward remittance to
the foreign corporation converted into Philippine currency
but not less than P2,000.00 plus LRF
P5,000.00 plus LRF
Filing fee is 1% of the actual remittance but not less than
1% of the Philippine currency equivalent of
US$200,000.00 at the time of remittance plus LRF*
P2,000.00

For more information, please visit: http://iregister.sec.gov.ph/MainServlet

Department of Trade and Industry (DTI)

A. Business Name Registration of Single Proprietorships
A1. Registration Original Renewal
A2. Scope
A2a. Barangay PhP200.00 PhP200.00
A2b. City/Municipality PhP500.00 PhP500.00

A2c. Regional PhP1,000.00 PhP1,000.00

A2d. National PhP2,000.00 PhP2,000.00
A3. Other Fees
A3a. Surcharge for Renewal
A3a1. If filed within three (3) months from Free of Charge
the expiration of the five (5)-year period
A3a2. If filed after the said period of three 50% of the selected territorial scope
(3) months
 A3b. Certification (Change in Business PhP50.00
Profile, Negative Certification, etc.)
A3c. Credit Investigation - per Business PhP50.00
Name
A4. Documentary Stamp Tax PhP15.00
A5a. Listing of Accredited Enterprises
A5a1. Hard Copy - per page of the first PhP20.00
five (5) pages
- per page of the succeeding page(s) PhP 3.00
A5a2. Soft Copy (in diskette) - per Business PhP 5.00
Name
B. Certificate of Authority to Engage in Business under R.A. 7042 (Foreign Investment Act)
B1. Filing Fee PhP500.00
B2. Registration Fee PhP5,000.00
C. Accreditation of Service and Repair Original Renewal
Enterprises
C1. Registration Filing Fee Accreditation Fee
C1a. One-Star PhP50.00 PhP350.00 PhP350.00
C1b. Two-Star PhP50.00 PhP400.00 PhP400.00
C1c. Three-Star PhP50.00 PhP425.00 PhP425.00
C1d. Four-Star PhP50.00 PhP450.00 PhP450.00
C1e. Five Star PhP50.00 PhP500.00 PhP500.00
C1f. Medical/Dental PhP50.00 PhP350.00 PhP350.00
C2. Documentary Stamp Tax PhP 15.00
C3. Other Fees/Charges
C3a. Certification; Replacement of a PhP 50.00
lost/destroyed Certificate
C3b. Listing of Accredited Enterprises
C3b1. Hard Copy - per page of the first PhP 20.00
five (5) pages
- per page of the succeeding page(s PhP 3.00
C3b2. Soft Copy - per Accredited PhP 5.00
Enterprise

For more information, please visit: http://ww.dti.gov.ph http://www.bnrs.dti.gov.ph/web/guest/faqsfees

BOARD OF INVESTMENTS (BOI)

Filing/Application Fees*
Classification Project Cost MSE Fees (Php) Regular Fees (Php)
New/Expansion
SMALL Exceeding Php3 million 375 1,500
but not over Php4
million
Exceeding Php4 million 750 3,000
but not over Php 15
million
MEDIUM Exceeding Php15 NA 3,000
million but not over Php20
million
Exceeding Php20 NA 4,500
million but not over
Php50 million
Exceeding Php50 NA 6,000
million but not over Php100
million
LARGE Over Php 100 million NA 6,000
EXISTING ASSETS
Micro Not exceeding Php3 Waived 1,500
million
Small Exceeding Php3 million 375 1,500
but not over Php15
million
Medium Exceeding Php15 NA 1,500
million but not over
Php100 million
Large Over Php100 million NA 1,500
Registration Fees
Classification Project Cost MSE Fees (Php) Regular Fees (Php)
New Expansion
Micro Not exceeding Php3 Waived 1/10 of 1% of project cost,
million but not less than
Small Not exceeding Php3 25% of 0.1% of project Php3,000; and not to
million cost, but not less than exceed Php15,000
Php3,000
Medium Exceeding Php15 million NA
but not over Php100 million
Large Over Php100 million NA
Existing
Micro Not exceeding Php3 Waived 3,000
million
Small Exceeding Php3 million but 750 3,000
not over Php15 million
Medium Exceeding Php15 million NA 3,000
but not over Php100
million
Large Over Php100 million NA 3,000

For more information, please visit: http://www.boi.gov.ph

PHILIPPINE ECONOMIC ZONE AUTHORITY (PEZA)

Registration of Economic Zone Export Manufacturing Enterprise
Application Fee PhP3,600.00
RegistrationFee PhP6,000.00

For more information, please visit: http://www.peza.gov.ph

CAGAYAN ECONOMIC ZONE AUTHORITY (CEZA)

Cagayan Special Economic Zone and Freeport (CSEZFP) Enterprise Registration
Application/Processing Fee for New CSEZFP Enterprise US$200.00 or its Philippine Peso equivalent at current
Registration exchange rate
Application/Processing Fee for Renewal of CSEZFP US$200.00 or its Philippine Peso equivalent at current
Enterprise Registration exchange rate

For more information, please visit: http://www.ceza.gov.ph

SUBIC BAY METROPOLITAN AUTHORITY (SBMA)

FEES AMOUNT
Filing fee US$50.00
Registration Fee US$150.00
Certificate of Tax Exemption US$100.00
Business Plate Fee US$20.00

For more information, please visit: http://www.mysubicbay.com.ph

CLARK DEVELOPMENT CORPORATION (CDC)
Application/Processing Fee
Certificate of Registration and Tax Exemption (CRTE) PhP2,000.00
Certificate of Registration (CR) PhP2,000.00
Approval for Branch/Facility PhP2,000.00

For more information, please visit: http://www.clark.com.ph

ZAMBOANGA CITY SPECIAL ECONOMIC ZONE AUTHORITY AND FREEPORT (ZCSEZAF)

FEES AND CHARGES AMOUNT
Registration of Enterprises (Application Fee) US$80 (PhP3,600.00)
Certificate of Registration and Tax Exemption US$220 (PhP10,000.00)
Availment of Incentives (Income Tax Holiday and PhP2,000.00
extensions)
Permit to Operate (Registration Certificate)
Temporary (renewable every 6 months) PhP1,000.00
Non-registered companies w/ physical presence in US$150 (PhP6,750.00)
the zone
Permit to operate US$80 (PhP3,600.00)
Accreditation (non-registered companies w/o physical US$150 (PhP6,750.00)
presence in the zone)
Annual renewal of certificate of registration PhP2,000.00

For more information, please visit: http://www.zfa.gov.ph

TAX RATES

Tax Reform Act of 1997

A.) For Individuals Earning Purely Compensation Income and Individuals Engaged in Business and Practice of Profession

Amount of Net Taxable Income Rate

Over But Not Over
P10,000 5%
P500 + 10% of the Excess over
P10,000 P30,000 P10,000
P2,500 + 15% of the Excess over
P30,000 P70,000 P30,000
P8,500 + 20% of the Excess over
P70,000 P140,000 P70,000
P22,500 + 25% of the Excess over
P140,000 P250,000 P140,000
P50,000 + 30% of the Excess over
P250,000 P500,000 P250,000
P125,000 + 32% of the Excess over
P500,000 P500,000

Tax Rate Taxable Base

1. Domestic Corporations
a. In General
b. Minimum Corporate Income Tax*
c. Improperly Accumulated Earnings
2. Proprietary Educational Institution
30% (effective Jan. 1, 2009) Net taxable income from all sources
2% Gross Income
10% Improperly Accumulated Taxable
Income
10% Net taxable income provided that the
gross income from unrelated trade,
business or other activity does not
exceed 50% of the total gross
income
3. Non-stock, Non-profit Hospitals 10% Net taxable income provided that the
gross income from unrelated trade,
business or other activity does not
exceed 50% of the total gross
income
4. GOCC, Agencies & Instrumentalities
a. In General 30% Net taxable income from all sources
b. Minimum Corporate Income Tax* 2% Gross Income
c. Improperly Accumulated Earnings 10% Improperly Accumulated Taxable
Income
5. National Govt. & LGUs
a. In General 30% Net taxable income from all sources
b. Minimum Corporate Income Tax* 2% Gross Income
c. Improperly Accumulated Earnings 10% Improperly Accumulated Taxable
Income
6. Taxable Partnerships
a. In General 30% Net taxable income from all sources
b. Minimum Corporate Income Tax* 2% Gross Income
c. Improperly Accumulated Earnings 10% Improperly Accumulated Taxable
Income
7. Exempt Corporations
a. On Exempt Activities 0%
b. On Taxable Activities 30% Net taxable income from all sources
8. General Professional Partnerships 0%
9. Corporation covered by Special Rate specified under the respective
Laws special laws
10. International Carriers 2.5% Gross Philippine Billings
11. Regional Operating Headquarters 10% Taxable Income
12. Offshore Banking Units (OBUs) 10% Gross Taxable Income on Foreign
Currency Transaction
30% On Taxable Income other than
Foreign Currency Transaction
13. Foreign Currency Deposit Units 10% Gross Taxable Income on Foreign
(FCDU) Currency Transaction
30% On Taxable Income other than
Foreign Currency Transaction

*Beginning on the 4th year immediately following the year in which such corporation commenced its business operations,
when the minimum corporate income tax is greater than the tax computed using the normal income tax.

B.) For Non-Resident Aliens Engaged in Trade or Business

1.Interest from currency deposits, trust funds and deposit 20%

substitutes
2.Interest Income from long-term deposit or investment in Exempt
the form of savings,
common or individual trust funds, deposit substitutes,
investment management
accounts and other investments evidenced by certificates
Upon pre- termination before the fifth year, there should be imposed on the entire income from the proceeds of the
long-term deposit based on the remaining maturity thereof:
Holding Period
Four (4) years to less than five (5) years 5%
Three (3) years to less than four (4) years 12%
Less than three (3) years 20%
3. On capital gains presumed to have been realized from 6%
the sale, exchange or other disposition of real property
4. On capital gains for shares of stock not traded in the
Stock Exchange
- Not over P100,000 5%
- Any amount in excess of P100,000 10%

C.) For Non-Resident Aliens Not Engaged in Trade or Business

1.On the gross amount of income derived from all sources 25%
within the Philippines
2.On capital gains presumed to have been realized from 6%
the exchange or other disposition of real property located
in the Philippines
3.On capital gains for shares of stock not traded in the
Stock Exchange
- Not Over P100,000 5%
- Any amount in excess of P100,000 10%

D.) On the gross income in the Philippines of Aliens Employed by Regional Headquarters (RHQ) or Area Headquarters and
Regional Operating Headquarters (ROH), Offshore Banking Units (OBUs), Petroleum Service Contractor and Subcontractor

- 15%

E.) General Professional Partnerships

- 0%

F.) Domestic Corporations

1.) a. In General on net taxable income 30%

b. Minimum Corporate Income Tax on gross income 2%
c. Improperly Accumulated Earnings on improperly 10%
accumulated taxable income
2.) Proprietary Educational Institution and Non-profit 10%
Hospitals
- In general (on net taxable income) 10%
- If the gross income from unrelated trade, business or 30%
other activity exceeds 50% of the total gross income from
all sources
3.) GOCC, Agencies & Instrumentalities
a. In General on net taxable income 30%
b. Minimum Corporate Income Tax on gross income 2%
c. Improperly Accumulated Earnings on improperly 10%
accumulated taxable income
4.) Taxable Partnerships
a. In General on net taxable income 30%
b. Minimum Corporate Income Tax on gross income 2%
c. Improperly Accumulated Earnings on improperly
accumulated taxable income 10%
5.) Exempt Corporation
a. On Exempt Activities 0%
b. On Taxable Activities 30%
6.) Corporation covered by Special Laws Rate specified under the respective special laws

G.) Resident Foreign Corporation

Individual Taxation
1.) a. In general On Net taxable Income 30%
b. Minimum Corporate Income Tax On gross Income 2%
c. Improperly Accumulated Earnings on improperly 10%
accumulated taxable income
2.) International Carriers on gross Philippine Billings 2.5%
3.) Regional Operating Headquarters on gross income 10%
4.) Corporation covered by Special Laws Rate specified under the respective special laws

5.) Offshore Banking Units (OBUs) on gross income 10%

6.) Foreign Currency Deposit Units (FCDU) on gross 10%
income

For more information, please got to: http://www.bir.gov.ph/index.php/tax-information/income-tax.html

COST OF LIVING

I. Education

Philippine education system is regulated by the Department of Education (DepEd), Commission on Higher Education (CHED),
and Technical Education and Skills Development Authority (TESDA).

DepEd covers the K-12 basic education while CHED and TESDA regulates higher education. CHED oversees academically-
oriented universities and colleges while TESDA supervises technical and vocational education institution.

There are international schools, which offer international curricula in the Philippines.

Below are some of the international schools in Metro Manila:

1. Brent International School Manila (www.brent.edu.ph)

2. British School Manila (www.britishschoolmanila.org)
3. Chinese International School Manila (www.cismanila.org)
4. European International School (www.eis-manila.org)
5. Fountain International School (www.fis.edu.ph)
6. German European School Manila (www.gesm.org)
7. International School Manila (www.ismanila.org)
8. Korean International School Philippines (www.ph.koreanis.org)
9. Lycee Francais de Manille (ifmanille.ph)
10. Mahatma Gandhi International School (www.ais.mgis.org.ph)
11. Manila Japanese School (www.mjs.org.ph)
12. Reedley International School (www.reedleyschool.com)

II. Public Transport

Mode of Transportation Amount

Jeepneys. The most common and inexpensive mode
of Transportation in the Philippines. Foreigners do not
generally use these.
Buses. Buses are classified into non-aircon and air-
conditioned.
Taxis. Almost all taxis are air-conditioned.
Car Service (Uber and Grab)
Minivans/FX. These are relatively new mode of
transportation. They are generally cheaper than taxis
but more expensive than jeepneys.
Light Rail Transit (LRT) & Metro Rail Transit
(MRT).These are overhead railway system that
currently runs in Metro Manila.
Metro Manila, as of February 06, 2017:
P8.00 (first 4 kilometers)
P1.50 (succeeding kilometers)
Metro Manila, as of 2007:
Air-conditioned buses: P12.00 (first 5
Kilometers) and P2.35 (successive kilometers)
Regular buses: P10.00 (first 5kilometers) and P1.95
(successive kilometers)
Metro Manila, as of 2011:Flagdown for the first 500
meters is P40.00, and an additional P3.50 for every
250 meters or2 minutes waiting time
P40.00 Base Fare additional P2.00 per minute plus
P5.70 per kilometer (Uber). P30.00 Base Fare plus
P12.00 per kilometer (Grab).
P12.00 Minimum Fare (varies on distance)
P 11.00 Base Fare plus P 1.00 (per kilometer)
distance-based
Air Transport (Domestic Flights One way Fare per Starts at P 1,000.00, fare will vary depending
Person) on destination
Ferry Rates Cheapest Class Ranges starts at P 210.00,
fare will vary depending on destination

III. Travel and Leisure

The Philippines remains a safe and fun destination for all tourists. Both domestic and international transport in the Philippines
remain available and continue to be operational. The Philippines has a great majority of touristic offerings, whether one is
looking for natural wonders, historical landmarks, culture and tradition, arts and crafts, shopping, recreation and entertainment,
among many others. Tourism activities continue in the countrys different regions, each with its own feature destinations and
products.

Source: http://www.tourism.gov.ph/Pages/20131118aPHILIPPINETOURISMCONTINUES.aspx

IV. Property Market

Comparative Land Values (PhP / sq m)

LOCATION 1Q 2016 2Q 2017 % CHANGE 2Q 2017F %CHANGE
(QoQ) (YoY)
Makati CBD 378,000 - 394,000 - 4.23 448,000 - 13.85
668,000 696,000 793,000
Fort Bonifacio 315,000 - 326,000 - 3.60 367,000 - 12.57
574,000 595,000 670,000
Ortigas Center 140,000 - 146,000 - 4.00 164,000 - 12.64
237,000 246,000 277,000

Comparative Office Rental Rates (PHP / sq m / month)

Makati CBD (based on net useable area)
GRADE 1Q 2016 2Q 2016 % CHANGE 2Q 2017F %CHANGE
(QoQ) (YoY)
PREMIUM 1,120 -1,430 1,130 1,440 0.98 1,210 1,540 6.86
GRADE A 720 1,100 720 1,110 0.46 800 1,220 10.08
GRADE B 590 - 840 590 - 840 0.14 620 - 880 4.49

Metro Manila Residential Condominium

Comparative Luxury 3BR Rental Rates (PHP / sq m / month)
LOCATION 1Q 2016 2Q 2016 % CHANGE 2Q 2017F %CHANGE
(QoQ) (YoY)
Makati CBD 590 - 1,140 580 - 1,130 -1.22 550 - 1,070 -5.08
Rockwell 810 - 1,100 800 - 1,100 -0.38 790 - 1,080 -1.61
Fort Bonifacio 670 - 1,070 660 - 1,050 -1.48 620 - 990 -6.11

Comparative Residential Lease Rates (High-Rise)

3BR, Semi-Furnished to Fully Furnished
LOCATION MINIMUM AVERAGE MAXIMUM
Apartment Ridge / Roxas Triangle
Rental Range (PhP/month) 150,000 200,000 300,000
Average Size (in sq m) 286 303 330
Salcedo Village
Rental Range (PhP/month) 100,000 175,000 260,000
Average Size (in sq m) 165 234 332
Legaspi Village
Rental Range (PhP/month) 130,000 200,000 260,000
Average Size (in sq m) 142 206 296
 Rockwell
Rental Range (PhP/month) 140,000 180,000 280,000
Average Size (in sq m) 127 189 285
Fort Bonifacio
Rental Range (PhP/month) 120,000 200,000 260,000
Average Size (in sq m) 138 223 310

Makati CBD Comparative Residential Lease Rates

for Exclusive Villages (PHP / mo)
3BR - 4BR, Unfurnished to Semi-Furnished
VILLAGE LOW HIGH
FORBES PARK 250,000 650,000
DASMARIAS VILLAGE 230,000 600,000
URDANETA VILLAGE 250,000 360,000
BEL-AIR VILLAGE 230,000 350,000
SAN LORENZO VILLAGE 140,000 250,000
MAGALLANES VILLAGE 120,000 250,000
AYALA ALABANG VILLAGE 130,000 280,000

Metro Manila Residential Condominium

Comparative Luxury 3BR Capital Values (PHP / sq m / month)
LOCATION 1Q 2016 2Q 2016 % CHANGE 2Q 2017F %CHANGE
(QoQ) (YoY)
Makati CBD 107,000 - 104,000 - -2.67 100,000 - -4.02
197,000 191,000 184,000
Rockwell 122,000 - 120,000 - -1.23 119,000 - -1.36
203,000 200,000 197,000
Fort Bonifacio 115,000 - 112,000 - -2.52 104,000 - 7.01
185,000 181,000 148,000

Source: http://www.colliers.com/-/media/phil_knowledge_2q2016.pdf

LABOR

Labor Code of the Philippines

The laws on labor standards and employment relations are consolidated in the Labor Code of the Philippines. The salient
points of employment conditions and employee benefits under the Philippine labor laws are as follows:

Normal hours of work. The normal hours of work of any employee shall not exceed eight (8) hours a day.

Hours worked. Hours worked shall include (a) all time during which an employee is required to be on duty or to be at a
prescribed workplace; and (b) all time during which an employee is suffered or permitted to work.

Meal periods. Subject to such regulations as the Secretary of Labor may prescribe, it shall be the duty of every employer to
give his employees not less than sixty (60) minutes time-off for their regular meals.

Night shift differential. Every employee shall be paid a night shift differential of not less than ten percent (10%) of his regular
wage for each hour of work performed between ten oclock in the evening and six oclock in the morning.

Emergency overtime work. Any employee may be required by the employer to perform overtime work in any of the following
cases:
1. When the country is at war or when any other national or local emergency has been declared by the National
Assembly or the Chief Executive;
 2. When it is necessary to prevent loss of life or property or in case of imminent danger to public safety due to an
actual or impending emergency in the locality caused by serious accidents, fire, flood, typhoon, earthquake,
epidemic, or other disaster or calamity;

3. When there is urgent work to be performed on machines, installations, or equipment, in order to avoid serious loss
or damage to the employer or some other cause of similar nature;

4. When the work is necessary to prevent loss or damage to perishable goods; and

5. Where the completion or continuation of the work started before the eighth hour is necessary to prevent serious
obstruction or prejudice to the business or operations of the employer.

Any employee required to render overtime work under this Article shall be paid the additional compensation required in this
Chapter.

Computation of additional compensation. For purposes of computing overtime and other additional remuneration as
required by this Chapter, the "regular wage" of an employee shall include the cash wage only, without deduction on account of
facilities provided by the employer.

For more information visit: http://www.dole.gov.ph/labor_codes/view/4

Summary of Latest Wage Orders and Implementing Rules

Issued by The Regional Boards
(As of 29 December 2016)

Region Wage Wage Increase/COLA Non- Coverage Wage Order Implementing Rules
Order Agriculture
Minimum Date of Date of Date of
Wage Issuance Publication Effectivity
Rate
NCR NCR-20 Integration of P15.00 P491.00 Minimum May 17, May 18, June 02, Issued May 17, 2016
COLA under W.O. Wage 2016 2016 2016 Approved May 27,
No. RBIVA-16 into (P481.00 Earners 2016
the basic pay; basic Philippine Published June 07,
P10.00 New COLA wage + Star 2016
P10.00 Manila Times
COLA)

CAR RB- P5 & P10/day COLA P285.00 & Minimum May 14, June 14, June 29, Issued June 22, 2015
CAR-17 integration P265.00 Wage 2015 2015 2015 Approved Aug. 11,
P2, P5 & P8/day Earners 2015
basic wage increase (P270 Baguio Published Aug. 30,
Integration into the basic pay Midland 2015
Basic Wage of the + P15) Courier Herald Express
remaining P10 and and (P255
P15 COLA effective basic pay
January 01, 2016 + P10)
CAR- RB- P500.00 increase P2,500 Domestic May 14, July 26, August Issued Aug. 5, 2015
DW CAR- chartered Workers 2015 2015 10, 2015 Approved Sept. 24,
DW-I cities and 2015
municipalit Baguio Published Oct. 18,
ies Midland 2016
Courier Herald Express
P2,000
other
municipalit
ies
RB-I RB 1- Ranging from Large Minimum July 20, September October Issued Sept. 30, 2016
18 P12.00-P27.00 P280.00 Wage 2016 17, 2016 2, 2016 Approved Oct. 17,
Medium Earners 2016
P265.00 Ilocos Published Oct. 29,
Small Herald 2016
P252.00 September
Micro 17, 2016
P243.00

RB-I RB-I P1,500 increase in P3,500 Domestic August Ilocos October Issued Aug. 17, 2016
RB1- chartered cities and chartered workers 17, 2016 Herald 2, 2016 Approved Oct. 3, 2016
DW-01 first class cities and Published Oct. 15,
municipalities municipalit 2016
P1,000 increase in ies
other municipalities P2,500
EGA and
RBA other
municipalit
ies
RB-II RTWPB P45-61 for Non- P300.00 Minimum April 22, April 29, May 14, Issued May 02, 2016
II-17 Agriculture Wage 2016 2016 2016 Approved June 15,
P37-45 for Agriculture Earners 2016
P31 for Retail/Service Malaya Published June 29,
employing not more 2016
than 10 workers Philippine Star

RB-III RB III- P15.00/day basic pay P364.00 Minimum Decemb December January Issued Dec. 02, 2015
19 increase in all Wage er 02, 17, 2015 01, 2016 Approved Dec. 17,
provinces (except Earners 2015 2015
Retail/Service with Philippine Published Jan. 15,
less than 16 workers) Star 2016
to be given in two (2) Sun Star Pampanga
tranches:
- P8.00 per day
upon effectivity
of the order
- P7.00 per day
effective 01 May
2016

P20.00/day basic pay

increase for the retail
and service
establishments with In Aurora:
less than 16 workers P313.00
in the province of
Aurora to be given in
two (2) tranches:
- P10.00 per day
upon effectivity
of the order
- P10.00 per day
effective 01 May
2016
RB-IVA RB- Integration of P12.50 GCA: Minimum May 30, June 16, July 01, Issued May 30, 2016
IVA-17 CTPA and P13.00 296.00- Wage 2016 2016 2016 Approved June 30,
SEA into the basic 378.00 Earners 2016
pay: Published: July 05, 2016
EGA: Philippine Star
Upon effectivity: 293.00-
P13.00 SEA 328.50
Effective 1 October
2016 P12.50 CTPA RBA:
293.00-
P5.00 to P73.20 311.50
basic wage increase
by reason of area
reclassification for a
7-year tranche.

RB-IVA RB- P500.00 increase in P2,500 Domestic Decemb March 17, April 01, Issued Dec. 21, 2015
IVA- GCA (chartered cities GCA Workers er 21, 2016 2016 Approved Feb. 29,
DW-01 and municipalities) (chartered 2015 2016
P300.00 increase in cities and Philippine Published Mar. 17,
EGA and RBA (other municipalit Star 2016
municipalities) ies) Philippine Star

P1,800
EGA and
RBA
(other
municipalit
ies)
RB-IVB RB- Integration of P5 Puerto Minimum April 29, June 18, July 3, Issued June 17, 2015
IVB-07 COLA under previous Princesa: Wage 2015 2015 2015 Approved Sept. 22,
WO No. IVB-6 P280.00 Earners 2015
Increase in basic pay Calapan The Manila Published Oct. 8, 2015
from P5 to P30/day to City, Times The Manila Times
be given in 4 Puerto
tranches: Galera, El
Nido &
Upon Effectivity Coron:
P275.00
- Nov. 1, 2015 First Class
- May 1, 2016 Mun. of
- Nov. 1, 2016 MIMAROP
A P265.00
The Rest
of the
Region:
P260.00
RB-V RBV-17 P5.00/day basic P265.00 Minimum Septemb December Decembe Issued Sep. 07, 2015
wage for Non- Wage er 2, 10, 2015 r 25, 2015 Approved Dec. 18,
Agriculture employing (P260.00 Earners 2015 2015
more than 10 workers basic Bicol Mail Published Dec. 31,
P12.00/day basic wage + 2015
wage for Non- P5.00 Bicol Mail
Agriculture employing increase)
not more than 10
workers,
Cottage/Handicraft &
Agriculture
RB-VI RBVI- P500.00 increase P2,500 Domestic Decemb February 3, February Issued Feb. 16, 2016
DW-01 chartered Workers er 21, 2016 18, 2016 Approved Feb. 29,
cities and 2015 2016
municipalit Panay News Published March 9,
ies 2016
Panay News
P2,000
other
municipalit
ies

RB-VI RBVI- P11.50/day wage P298.50 Minimum March April 17, May 02, Issued Apr. 22, 2015
22 increase Wage 30, 2015 2015 Panay 2015 Approved Jun. 26,
(P287.00 Earners News 2015
basic Published July 5, 2015
wage + Panay News
P11.50
wage
increase)
RB-VII RBVII- P13.00 per day P353.00 Minimum Septemb September October Issued Sept. 10, 2015
19 increase in basic pay Wage er 10, 25, 2015 10, 2015 Approved Oct. 15,
for private sector Earners 2015 Sun Star 2015
workers within Metro Cebu Published
Cebu
P10.00 per day
increase in basic
wage for all sugar mill
workers
RB-VIII RB VIII- Increases in the basic P 285.00 Minimum Decemb January 28, February Issued -
19 wage: Wage er 19, 2017 12, 2017 Approved -
(P278.00 Earners 2016 Published -
P 25 for Non- basic
agriculture; wage Leyte Samar
P23 for Sugar +P7.00 Daily
Mills; COLA) Express
P15 for
Cottage/Handicraft;
P10 for
Retail/Service with
10 workers and
below;
P15 for
Retail/Service with
11 up to 30
workers;
P10 for
Agriculture Non-
sugar;
P10 for
Agriculture Sugar
Farm
RB-VIII RB VIII- P500.00 increase P2,500 Domestic March March 03, March 23, Issued March 30, 2016
DW-01 chartered Workers 03, 2016 2016 2016 Approved May 4, 2016
cities and Published May 31,
municipalit Leyte Samar 2016
ies Daily
P2,000 Express Leyte Samar Daily
other Express
municipalit
ies
RB-IX RIX-I9 P6.00-P16.00 basic P296.00 Minimum August September October Issued Aug. 15, 2016
pay increase (in Wage 15, 2016 16, 2016 1, 2016 Approved Oct. 3, 2016
tranches) Earners Published Oct. 13,
Zamboanga 2016
Today

RB-IX RIX- P500.00 in chartered P2,500 Domestic August Zamboanga October Issued Aug. 15, 2016
DW-01 cities and first class chartered Workers 15, 2016 Today 1, 2016 Approved Oct. 3, 2016
municipalities cities and September Published Oct. 13,
municipalit 16, 2016 2016
ies
P500.00 in other P2,000 Zamboanga
municipalities other Today
municipalit
ies
RB-X RX-18 P12/day basic wage WCI Minimum May 12, June 18, July 3, Issued June 28, 2015
increase P318.00 Wage 2015 2015 2015 Approved Aug. 11,
WCII Earners 2015
P313.00 Mindanao Published Aug. 19,
WCIII Gold Star 2015
P308.00W Daily
CIV Mindanao Gold Star
P303.00 Daily
RB-XI RB-XI- P23-29.00 basic Upon Minimum Novemb December Decembe Issued
19 wage increase upon effectivity: Wage er 04, 01, 2016 r 16, 2016 Approved
effectivity. P340.00 Earners 2016 Published
P5.00 COLA under Mindanao
WO No. RBXI-18 to (P335+P5 Times
be integrated into the COLA)
basic pay effective Effective
May 1, 2017. May 1,
2017:
P340.00
RB-XII RBXII- Integration of P5.00 P295.00 Minimum Septemb September October Issued Sept. 9, 2016
19 COLA into the basic Wage er 09, 24, 2016 09, 2016 Approved Nov. 2, 2016
pay; Earners 2016 Published Nov. 12,
Increase in basic pay: The 2016
- P20/day for Non- Mindanao
Agriculture Cross The Mindanao Cross
- P17/day for
Retail/Service
Establishment
- P15/day for
Agriculture
 CARAG RB-XIII- Upon effectivity, Upon Minimum May 30, June 16, July 01, Issued June 16, 2016
A 14 P7.00/day basic effectivity: Wage 2016 2016 2016 Approved June 30,
wage increase; P275.00 Earners 2016
Effective 01 October (P260 Mindanao Published July 12,
2016, P5.00 COLA basic pay Goldstar 2016
increase + P15.00 Daily
COLA) Mindanao Goldstar Daily

Effective
Oct. 1,
2016:
P280.00
(P260
basic pay
+ P20.00
COLA)

CARAG RB-XIII- P1,000.00 in P3,000 Domestic Septemb September October Issued Sept. 19, 2016
A DW-01 chartered cities and chartered Workers er 09, 27, 2016 12, 2016 Approved Oct. 3, 2016
first class cities and 2016 Published Oct. 21,
municipalities municipalit Gold Star 2016
ies Daily
P1,000.00 in other P2,500 Mindanao Goldstar Daily
municipalities other
municipalit
ies
ARMM RB- P15.00/day basic P265.00 Minimum January February 15, March 01, Issued March 14, 2016
ARMM- wage for Non- Wage 20, 2016 2016 2016 Approved April 27,
16 Agriculture; Earners 2016
P5.00 per day basic Kutang Published May 18,
wage for Agriculture Bato, Star 2016
Plantation and Non- Weekly
Plantation News Kutang Bato Star Weekly
News

Source: http://www.nwpc.dole.gov.ph/pages/statistics/latest_wo.html

Employee Benefits, Incentives, Coverage and Contributions

13TH Month Pay

All employers are required to pay their rank and file employees thirteenth-month pay, regardless of the amount of basic salary
that they receive in a month, their designation and their employment status and irrespective of the method by which their
wages are paid, provided they have worked for at least one (1) month during a calendar year. The thirteenth month pay should
be given to the employees not later than December 24 of every year.

Source: Presidential Decree No. 851; Memorandum Order No. 28, S. 1986

Home Development Mutual Fund

The Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG (Pagtutulungan sa kinabukasan: Ikaw,
Bangko, Industriya at Gobyerno) Fund, is a national savings program and an affordable shelter financing for the Filipino
worker.
 Rate of Membership Savings

Monthly Compensation Contribution Rates

(Basic + COLA) Employee Share Employer Share TOTAL
P 1, 500 and below 1% 2% 3%
Over P 1, 500 2% 2% 4%

Source: Members Contribution Remittance Form (www.pagibigfund.gov.ph/dlformsprovident.html)

Social Security System

The Social Security System (SSS) provides a package of benefits to covered employees in the event of death, disability,
sickness, maternity, and old age. The SSS provides for a replacement of income lost on account of the aforementioned
contingencies. All private employees are covered by the Social Security (SS) benefits. Self-employed and voluntary members
also get the same benefits as covered employees, except those benefits under the Employees Compensation (EC).

Schedule of SS and EC Contributions

Range of Monthly Employer-Employee SE/ VM/ OFW

Compensation Salary Social Security EC Total Contribution Total
Credit* ER EE Total ER ER EE Total Contribution
1,000 1,249.99 1,000 73.70 36.30 110.00 10.00 83.70 36.30 120.00 110.00
1,250 1,749.99 1,500 110.50 54.50 165.00 10.00 120.50 54.50 175.00 165.00
1,750 2,249.99 2,000 147.30 72.70 220.00 10.00 157.30 72.70 230.00 220.00
2,250 2,749.99 2,500 184.20 90.80 275.00 10.00 194.20 90.80 285.00 275.00
2,750 3,249.99 3,000 221.00 109.00 330.00 10.00 231.00 109.00 340.00 330.00
3,250 3,749.99 3,500 257.80 127.20 385.00 10.00 267.80 127.20 395.00 385.00
3,750 4,249.99 4,000 294.70 145.30 440.00 10.00 304.70 145.30 450.00 440.00
4,250 4,749.99 4,500 331.50 163.50 495.00 10.00 341.50 163.50 505.00 495.00
4,750 5,249.99 5,000 368.30 181.70 550.00 10.00 378.30 181.70 560.00 550.00
5,250 5,749.99 5,500 405.20 199.80 605.00 10.00 415.20 199.80 615.00 605.00
5,750 6,249.99 6,000 442.00 218.00 660.00 10.00 452.00 218.00 670.00 660.00
6,250 6,749.99 6,500 478.80 236.20 715.00 10.00 488.80 236.20 725.00 715.00
6,750 7,249.99 7,000 515.70 254.30 770.00 10.00 525.70 254.30 780.00 770.00
7,250 7,749.99 7,500 552.50 272.50 825.00 10.00 562.50 272.50 835.00 825.00
7,750 8,249.99 8,000 589.30 290.70 880.00 10.00 599.30 290.70 890.00 880.00
8,250 8,749.99 8,500 626.20 308.80 935.00 10.00 636.20 308.80 945.00 935.00
8,750 9,249.99 9,000 663.00 327.00 990.00 10.00 673.00 327.00 1,000.00 990.00
9,250 9,749.99 9.500 699.80 345.20 1,045.00 10.00 709.80 345.20 1,055.00 1,045.00
9,750 10,249.99 10,000 736.70 363.30 1,100.00 10.00 746.70 363.30 1,110.00 1,100.00
10,250 10,749.99 10,500 773.50 381.50 1,155.00 10.00 783.50 381.50 1,165.00 1,155.00
10,750 11,249.99 11,000 810.30 399.70 1,210.00 10.00 820.30 399.70 1,220.00 1,210.00
11,250 11,749.99 11,500 847.20 417.80 1,265.00 10.00 857.20 417.80 1,275.00 1,265.00
11,750 12,249.99 12,000 884.00 436.00 1,320.00 10.00 894.00 436.00 1,330.00 1,320.00
12,250 12,749.99 12,500 920.80 454.20 1,375.00 10.00 930.80 454.20 1,385.00 1,375.00
12,750 13,249.99 13,000 957.70 472.30 1,430.00 10.00 967.70 427.30 1,440.00 1,430.00
13,250 13,749.99 13,500 994.50 490.50 1,485.00 10.00 1,004.50 490.50 1,495.00 1,485.00
13,750 14,249.99 14,000 1,031.30 508.70 1,540.00 10.00 1,041.30 508.70 1,550.00 1,540.00
14,250 14,749.99 14,500 1,068.20 526.80 1,595.00 10.00 1,078.20 526.80 1,605.00 1,595.00
14,750 15,249.99 15,000 1,105.00 545.00 1,650.00 30.00 1,135.00 545.00 1,680.00 1,650.00
15,250 15,749.99 15,500 1,141.80 563.20 1,705.00 30.00 1,171.80 563.20 1,735.00 1,705.00
15,750 - over 16,000 1,178.70 581.30 1,760.00 30.00 1,208.70 581.30 1,790.00 1,760.00

Source: https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=scheduleofcontribution
National Health Insurance Program

The National Health Insurance Program (NHIP) was established to provide health insurance coverage and ensure affordable,
acceptable, available and accessible health care services for all citizens of the Philippines.

The Philippine Health Insurance Corporation (PhilHealth), a tax-exempt government corporation attached to the Department of
Health (DOH), is the mandated administrator of the NHIP under the National Health Insurance Act of 1995 (Republic Act No.
7875, as amended).

Salary Total Monthly

Bracket Salary Range Salary Base Premium Employee Share* Employer Share

1 8,999.99** and below 8,000.00 200.00 100.00 100.00

2 9,000.00 - 9,999.99 9,000.00 225.00 112.50 112.50
3 10,000.00 - 10,999.99 10,000.00 250.00 125.00 125.00
4 11,000.00 - 11,999.99 11,000.00 275.00 137.50 137.50
5 12,000.00 - 12,999.99 12,000.00 300.00 150.00 150.00
6 13,000.00 - 13,999.99 13,000.00 325.00 162.50 162.50
7 14,000.00 - 14,999.99 14,000.00 350.00 175.00 175.00
8 15,000.00 - 15,999.99 15,000.00 375.00 187.50 187.50
9 16,000.00 - 16,999.99 16,000.00 400.00 200.00 200.00
10 17,000.00 - 17,999.99 17,000.00 425.00 212.50 212.50
11 18,000.00 - 18,999.99 18,000.00 450.0 225.00 225.00
12 19,000.00 - 19,999.99 19,000.00 475.00 237.50 237.50
13 20,000.00 - 20,999.99 20,000.00 500.00 250.00 250.00
14 21,000.00 - 21,999.99 21,000.00 525.00 262.50 262.50
15 22,000.00 - 22,999.99 22,000.00 550.00 275.00 275.00
16 23,000.00 - 23,999.99 23,000.00 575.00 287.50 287.50
17 24,000.00 - 24,999.99 24,000.00 600.00 300.00 300.00
18 25,000.00 - 25,999.99 25,000.00 625.00 312.50 312.50
19 26,000.00 - 26,999.99 26,000.00 650.00 325.00 325.00
20 27,000.00 - 27,999.99 27,000.00 675.00 337.00 337.00
21 28,000.00 - 28,999.99 28,000.00 700.00 350.00 350.00
22 29,000.00 - 29,999.99 29,000.00 725.00 362.50 362.50
23 30,000.00 - 30,999.99 30,000.00 750.00 375.00 375.00
24 31,000.00 - 31,999.99 31,000.00 775.00 387.50 387.50
25 32,000.00 - 32,999.99 32,000.00 800.00 400.00 400.00
26 33,000.00 - 33,999.99 33,000.00 825.00 412.50 412.50
27 34,000.00 - 34,999.99 34,000.00 850.00 425.50 425.50
28 35,000.00 and up 35,000.00 875.00 437.50 437.50

*Employee share represents half of the total monthly premium while the other half is shouldered by the employer.

**For Kasambahay helper receiving a wage of less than Five Thousand Pesos (P5,000.00) per month, the employer will
shoulder both the employee and employer share based on the premium schedule.

Source: https://www.philheatlh.gov.ph/partners/employers/contri_tbl.html
Mailing Rates

DOMESTIC
Ordinary Mail (In PhP)
Weight Intra Province Inter-Land Inter-Air
01-50 35 41 46
51-100 56 62 68
101-250 68 73 79
251-500 79 84 90
501-1000 90 107 129
1001-1500 107 124 152
1501-2000 124 140 168

INTERNATIONAL (In PhP)

Weight Zone 1 - Asia Zone 2 Middle East Zone 3 Europe, Zone 4 Africa,
and Pacific Countries America and US Central & South
Territories America and The
Caribbean
01-20 115 120 125 130
21-50 150 162 175 180
51-100 210 233 261 266
101-250 390 445 541 563
251-500 690 800 1011 1062
501-1000 1285 1532 1958 2053
1001-1500 1880 2266 2904 3044
1501-2000 2470 2999 3850 4041

Source: https://www.phlpost.gov.ph/advisory.php?id=64

Utility Costs

I. Petroleum Products
Prevailing retail prices of Petroleum Products in Metro Manila as of January 03, 2017

Product Caltex Petron Shell Seaoil Flying V Uni Oil Total

Gasoline (Ron 91) 41.40-47.05 40.91-46.98 41.40-46.85 42.30- 41.40- 37.60- 43.10-
44.65 43.15 46.00 45.50
Gasoline (Ron 95) 44.70-48.19 41.50-48.60 41.55-48.09 - 41.85- 39.50- 44.50-
47.55 46.10 46.20
Gasoline (Ron 97) 46.15-51.20 43.95-
47.40
Gasoline (Ron 100) 43.60-51.85
Diesel 30.45-32.99 30.75-33.47 30.75-32.67 30.60- 27.85- 29.70- 33.10-
30.70 30.90 32.50 33.80
Diesel Plus 33.84-36.37 34.25-36.20
Kerosene 39.50-43.23 33.25-41.55 38.95-39.10 35.65

Source: https://www.doe.gov.ph/sites/default/files/pdf/price_watch/petro_mm_2017_january_03.pdf
II. Telecommunication Rates

Landline

Service Provider Residential Business

Globe Starts at P 599.00 / month* Starts at P 999.00 / month*

PLDT Starts at P 700.00 / month* Starts at P 1000.00 / month*

Bayantel Starts at P 499.00 / month* Starts at P 899.00 / month*

* As of December 2014

For more information, you may visit Providers respective websites: http://www.globe.com.ph , http://pldthome.com ,
http://www.bayan.com.ph

Mobile Phone Rates

Service Provider Standard Call Rate Standard Call Rate Standard Text Standard Text
Per Minute Per Minute Rates Local Rates International
Local International
Globe P 6.50 - P7.50 USD 0.40 P 1.00/ 160 char
Smart Telecom P 6.50 P7.50 USD 0.40 P 1.00/ 160 char P15.00 / 160 char
Talk N Text P 5.50 P 6.50 P 1.00/ 160 char P 15.00 / 160 char
Sun Cellular P 5.50 P 6.50 USD 0.10 P 0.50 P 1.00 / 160 P 2.00 / 160 char

For more information, please visit: www.globe.com.ph, www.smart.com.ph, http://www.suncellular.com.ph

Internet Service Rates

Service Provider Fee

Globe Starts at P 1,099.00

PLDT Starts at P 1,888.00 with landline

Bayantel Starts at P 999.00

For more information, you may visit Providers respective websites: http://www.globe.com.ph , http://pldthome.com ,
http://www.bayan.com

III. Electricity Rates

Sample from list of Electric Companies in the Philippines ranked by electricity price
(As of December 2016)

COMPANY ELECTRICITY GENERATION TRANSMISSION DISTRIBUTION SYSTEMS LOSS

PRICE CHARGE CHARGE ( CHARGE CHARGE (PHP
(PHP/KWH) PHP/KWH) (PHP/KWH) KWH)
PANELCO 1 17.7595 4.1477 0.0606 0.5143 0.7850
CELCO 14.9330 6.0214 1.0242 1.2081 0.6816
ILPI 13.4881 4.6103 0.6109 0.3553 0.5102
KAELCO 12.6595 5.5430 1.8223 1.0557 1.1834
CASURECO 3 11.9053 5.5380 1.2978 0.7004 1.1095
ILECO 2 10.9465 5.7469 1.0258 0.5782 0.9309
NONECO 9.9768 5.5838 0.5513 0.5782 0.7426
SIASELCO 8.9842 4.7872 0.0000 1.4218 0.5123
SIARELCO 7.9879 2.7986 0.9555 1.0577 0.3486
MERALCO 7.4176 3.9238 0.8361 1.0012 0.4173
CLPC 6.4957 2.8037 0.4843 1.9002 0.2833

Source: http://www.kuryente.org.ph/rank-according-to/1

IV. Water Rates

Source: http://www.kuryente.org.ph/electric-company/rates/128