Bill Type
Congress Name
Long Title
AN ACT AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT NO. 8282, OTHERWISE KNOWN AS "AN ACT FURTHER STRENGTHENING THE SOCIAL SECURITY SYSTEM THEREBY AMENDING FOR THIS PURPOSE REPUBLIC ACT NO. 1161, AS AMENDED, OTHERWISE KNOWN AS THE SOCIAL SECURITY LAW" BY LOWERING THE MONTHLY RATE OF PENALTY IMPOSED TO EMPLOYERS ON DELAYED REMITTANCE OF CONTRIBUTION FROM THREE PERCENT (3%) PER MONTH TO ONE-HALF PERCENT (1/2%) PER MONTH OR SIX PERCENT (6%) PER ANNUM
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00962 |
| FULL TITLE : AN ACT AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT NO. 8282, OTHERWISE KNOWN AS "AN ACT FURTHER STRENGTHENING THE SOCIAL SECURITY SYSTEM THEREBY AMENDING FOR THIS PURPOSE REPUBLIC ACT NO. 1161, AS AMENDED, OTHERWISE KNOWN AS THE SOCIAL SECURITY LAW" BY LOWERING THE MONTHLY RATE OF PENALTY IMPOSED TO EMPLOYERS ON DELAYED REMITTANCE OF CONTRIBUTION FROM THREE PERCENT (3%) PER MONTH TO ONE-HALF PERCENT (1/2%) PER MONTH OR SIX PERCENT (6%) PER ANNUM |
| ABSTRACT : The bill proposes to reduce the penalty charges for delayed remittance of contributions to the Social Security System from 3% to 1/2% per month to be computed from the date the contribution falls due. |
| PRINCIPAL AUTHOR/S : SILVERIO, LORNA C. |
| DATE FILED : 2004-07-01 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Villarosa (019 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Under deliberation by the Mother Committee on 2005-01-12 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2004-07-28 |
Abstract
The bill proposes to reduce the penalty charges for delayed remittance of contributions to the Social Security System from 3% to 1/2% per month to be computed from the date the contribution falls due.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.