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RMC No. 38-2004: Publishes the full text of Circular Letter No. 2004-10 issued by the Secretary of the Department of Budget and Management regarding unpaid Social Insurance Premiums to the GSIS.

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Summary

RMC No. 38-2004 publishes the full text of Circular Letter No. 2004-10 issued by the Secretary of Budget and Management.

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Key points

  1. Subject of the Circular Letter. It clarifies issues on insurance premiums payable to GSIS covering 1997 and prior years. It also covers the deficiency in premium payments for July, 1997 to December, 1998, caused by the rate increase from 9.5% to 12% under the new GSIS Act, RA No. 8291.

Who is affected

  • Government agencies paying GSIS premiums

Deadlines and effectivity

  • Premium deficiency period: July, 1997 to December, 1998

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.