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Manila Bulletin devider Philippines devider DOF might reopen applications for small-business wage subsidy - BIR

DOF might reopen applications for small-business wage subsidy - BIR

Published May 3, 2020 12:00 am
By Jun Ramirez The Department of Finance (DOF) is expected this week to announce its decision on the possible extension of the Small Business Wage Subsidy (SBWS) to accommodate hundreds of thousands of late filers, the Bureau of Internal Revenue (BIR) said Sunday. Department of Finance (MANILA BULLETIN) Department of Finance (MANILA BULLETIN) The program expired last April 30 with more than half of the estimated 3.5 million workers of closed small business enterprises failing to submit their salary subsidy applications with the BIR. The applications were supposed to be filed by employers on their behalf on or before April 30. Many cash-starved workers have sought the extension, stressing that they should not be punished for the negligence of their employers in this period of severe economic hardships. Revenue officials said they have processed and approved the applications filed by roughly 75,000 business operators with total workforce of over one million. Qualified to avail themselves of the cash assistance are workers who were not paid in March and April due to the quarantine closure of their companies. The cash support for the two-month period ranges from P10,000 to P16,000 depending on the regional wage table of the Department of Labor and Employment to be released in two installments. Not eligible to get the SBWS are those who work from home and part of the skeletal force of the companies. Also not qualified are employees on leave for the entire duration of the lockdown and those with unsettled account with the Social Security System (SSS). Under the wage subsidy guideline, the Social Security System will release the cash aid to individual employees upon the issuance of proper tax clearance by the BIR. (Jun Ramirez)#
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