Payment and Reporting of Premium Contributions of Employer & Employee
On 5 March 2015, the Philippine Health Insurance Corporation (Philhealth) released Circular No. 4-2015 encouraging all employers in the government and private sectors to pay premium contributions at Philhealth's accredited collecting agents (ACAs) or through e-Payment facilities. Moreover, said Circular mandates all employers in the Formal Economy to adopt the Electronic Premium Reporting System (EPRS) as the mode of preparation and transmission of all remittance reports (RF-1).Attached is the copy of the said Circular for your reference.P&A Grant Thornton's Outsourcing Alerts are issued to keep our clients updated with the latest developments in finance and accounting outsourcing. These are not intended to be a substitute for professional advice. If you would like to unsubscribe, or add a colleague or a friend to our mailing list, please let us know by return e-mail. For inquiries and suggestions on how the Outsourcing Alert may be even more useful to you, e-mail Paz.Malubay@ph.gt.com or Janis.Medina-Maghinay@ph.gt.com or call 864 0741.