Manila Bulletin
DOF begins release of wage subsidies
The Department of Finance (DOF) has started distributing the first tranche of the P51-billion wage subsidy program for workers of small businesses impacted by the COVID-19 crisis.
As of May 1, 115,782 employees had received their wage subsidies, ranging from P5,000 to P8,000.
The Small Business Wage Subsidy (SBWS) program is a joint initiative of the DOF, Social Security System (SSS), and Bureau of Internal Revenue (BIR).
The program aims to provide a monthly wage subsidy for two months to around 3.4 million eligible employees of small businesses.
The subsidy amount varies from P5,000 to P8,000 per tranche, depending on regional minimum wage levels.
The application period for the SBWS program has been extended to May 8, 2020, to accommodate applicants facing technical issues.
Employees picking up their cash subsidy through MLhuillier must present a text message from the SSS and valid government-issued identification.
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