CEBU CITY, Philippines—Micro and small businesses have until Friday, May 8, to apply for the Small Business Wage Subsidy (SBWS) Program that is implemented through the Social Security System (SSS)
to provide a wage subsidy of between P5,000 and P8,000 per month, depending on the regional minimum wage.The national government came up with a wage subsidy to benefit the affected employees of small businesses to mitigate the impact of the enhanced community quarantine implemented in various areas, including Cebu.
Under the SWBS program, eligible employees will receive a monthly subsidy for two months. However, the employers will have to submit to the SSS their applications on behalf of their affected employees, SSS said in a press release.For their employees to avail of the wage subsidy, businesses have to meet two criteria – the size of business and the impact of the ECQ on their operations.
These companies must not be in the large taxpayer service list of the Bureau of Internal Revenue. Also, businesses should have beenFor the businesses under the quasi-essentials category, only the employees who were not able to work and did not get paid during the ECQ could receive the wage subsidy. Qualified employers are also required to input the taxpayer identification number of the eligible employees.
The BIR’s e-Registration System will accommodate business employers who are categorized as single proprietors and non-corporations up to May 8. After May 8, 2020, the BIR eReg System will return to strictly accommodating corporations only.• METHOD 1: My.SSS account (via
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