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RMC No. 35-2002: Publishes the full text of GSIS Branch Memorandum Circular No. 02-2002 entitled “Abolition of Average Monthly Compensation Limit and the Revised Schedule of Contributions Under RA 8291 Effective January 1, 2003”

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Summary

RMC No. 35-2002, issued September 3, 2002, publishes the full text of GSIS Branch Memorandum Circular No. 02-2002 on abolishing the Average Monthly Compensation (AMC) limit and the revised schedule of contributions under RA 8291.

Key points

  1. Circular published. The published GSIS Branch Memorandum Circular No. 02-2002 is titled “Abolition of Average Monthly Compensation (AMC) Limit and the Revised Schedule of Contributions Under RA 8291 Effective January 1, 2003.”
  2. Effectivity. The title states the effectivity date as January 1, 2003.

Deadlines and effectivity

  • Effective January 1, 2003

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.