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Outsourced Payroll Services in the Philippines

A part of running a company is ensuring your employee management responsibilities are up to standards. One of these responsibilities is making sure that your employees are well compensated and complying with the benefits mandated by the government.

A part of running a company is ensuring your employee management responsibilities are up to standards. One of these responsibilities is making sure that your employees are well compensated and complying with the benefits mandated by the government.

Entities in the Philippines are required to pay the mandated monthly contributions from the following government agencies:

  • Bureau of Internal Revenue (BIR)
  • Social Security System (SSS)
  • Philippine Health Insurance Corporation (PhilHealth)
  • Home Development Mutual Fund (Pag-IBIG)

What We Offer

Our team utilizes a cloud-based payroll software to compute the salaries, tax deductions, and government contributions to ensure that all of your employees receive competitive salary and make sure that mandatory contributions are deducted and remitted.

We offer the following services to help you with your payroll processing as well as generating payslips on time in line with the Philippine’s regulation:

  • Compute gross salary, tax deductions, and government contributions of each employee
  • Generate payroll reports
  • Issue password-encrypted payslips to each employee via email
  • Submit final payroll reports to appropriate government offices
  • Compute final pay of resigned employees and issue Certificate of Compensation

Our payroll processing services goes through four steps:

1. Gather and Collate
The first step we do is to collect important employee data such as timesheets, employee databases, and other payroll instructions to acquire accurate gross salaries.
2. Analyze and Process
After collating the relevant documents, we proceed to analyze and process them accordingly, depending on your needs. We can assist you with conducting computations for the required withholding taxes on compensation, gross salary, and statutory deductions based on the latest government regulations.
3. Review and Finalize
Before sending the payroll reports to our clients, it undergoes a 3-tier internal review process. In addition, as a part of our finalization process we also include bank files for salary disbursement and sending of individual payslips.
4. Report and Fulfill
On behalf of our clients, we can assure them that their monthly and annual reports to appropriate offices, payments, and compliance with necessary policies are well taken care of.

General Requirements

Clients that will avail of our services must declare the following to complete the payroll process:

  • Declare monthly salaries of all employees
  • Provide electronic copies of payslips
  • Pay tax dues to BIR
  • Pay contributions to SSS, PhilHealth, and Pag-IBIG Fund

Our Process Timeline

To know more about how we do our payroll, here’s our process and timeline of how we do our payroll services for our clients.

TimelineProcess
5 calendar days prior to the payout scheduleClient will send the summary of working hours and salary adjustments of each employee
We will compute the salary, tax due, and government contributions. After computation, we will then proceed with sending the payroll reports back to the client for reviewing and approval.
MonthlyOngoing payslip generation and engagement

Efficiently Process Your Payroll With Us

Properly compensating your employees is important to ensure the smooth flow of company operations. The good news is payroll processing is one of the business processes you can outsource to another company so that you can direct more time and effort in other parts of your organization. If you need assistance in payroll processing, you may reach out to business consulting firms to help you with your payroll needs.

Frequently Asked Questions

What are the 4 government agencies that companies must pay monthly contributions to, as part of the payroll processing in the Philippines?

All registered companies in the Philippines are required by the law to pay monthly contributions to the following 4 government agencies:

  • Bureau of Internal Revenue (BIR)
  • Social Security System (SSS)
  • Philippine Health Insurance Corporation (PhilHealth)
  • Home Development Mutual Fund (Pag-IBIG Fund)

What are the 4 requirements that companies in the Philippines must fulfil in order to complete the payroll processes?

Companies in the Philippines must fulfil the following 4 requirements to complete the payroll processes:

  • Declare monthly salaries of all employees
  • Provide electronic copies of payslips
  • Pay tax dues to BIR
  • Pay contributions to SSS, PhilHealth, and Pag-IBIG Fund

What are the key services offered when you outsource payroll process to InCorp Philippines?

At InCorp Philippines, we offer the following service package to help your company run payroll and generate payslips on time that is compliant with the Philippines regulations:

  • Compute gross salary, tax deductions, and government contributions of each employee
  • Generate payroll reports
  • Issue password-encrypted payslips to each employee via email
  • Submit final payroll reports to appropriate government offices
  • Compute final pay of resigned employees and issue Certificate of Compensation

Outsource Your Payroll Needs and Gain More Time for Business Operations

Our team of tailored payroll consultants are highly equipped to help you handle payroll processing.