PEO Services means your recruited people are temporarily being recruited by Evershine Manila, due to some reasons, your Parent company has not yet set up a foreign-owned subsidiary in the Philippines, but there is a demand for staff. The services will arrange your recruited staff in the way to comply with the Philippines’ salary, labor, and individual income tax laws and regulations
E-mail: mxp2ph@evershinecpa.com
or
For Italygoing-out cases, the coordinator window will be
Evershine Management and Consulting GmbH
Project Manager Anna Wang, who speaks Italian, English, and Chinese.
If your company doesn’t want to set up a WFOE (Wholly Foreign Owned Entity) in the Philippines, but you will recruit employees temporarily or by project base, we suggest you adopt our Philippine Temporary Employment Outsourcing.
It means Evershine will recruit your overseas expatriates or Philippine local staff on behalf of your company.
And then we will take care of all kinds of relevant local services including payroll compliance and expenditure process.
Besides, Evershine will fully comply with Philippine law and regulations on individual Tax, Statuary Social Benefit and Labor rights.
We found that our services have another name so-called PEO (Professional Employer Organization) Service.
For Philippine Local staff:
Service Coverage-for Philippine Local Employees:
*Recruiting contract
* asking-leave arrangement and over-shift processing complied with Philippine regulations
* Online Payroll Management System
* File for listing and delisting of Labor Insurance and Health Insurance
* Gross salary calculation based on fixed and non-fixed salary, Leave, and Overtime
* Labor Insurance Charge paid by the company and employee
* Health insurance Charge paid by the company and employee
* Pension Fund Charge paid by the company and employee
* Withholding Tax
* Gross salary and net-cash salary
* Salary wire transferring services
* Delivering payment slip to each employee
* Accepting query from each employee.
* Annual accumulation salary income and withholding tax report to Tax Bureau.
* Year-end insurance premium certificate
* Severance pay application
* Semi-annual adjustment of insured caps and LPA caps.
* Laid-off arrangement complied with Philippine regulations.
Service processes-for Philippine Local Employees:
*Evershine will sign a “Labor Contract “with your local staff based on the term of your Employment Contract. At that same time, Evershine will sign a” Service Subcontract Agreement” with your company.
*Evershine will take care of these local employees who complied with Philippine regulations on Tax, Statuary social benefits, and labor rights.
*Evershine will take care of payroll calculation and expenditure payment requests of these local staff. Then let you approve each payment and monthly payment sheet.
*Evershine will ask your company to pay us the fund before we pay salary and expenses to your local staff.
*Evershine will take care of wiring process to your Philippine local staff.
*Evershine will take care of payroll compliance in the Philippines.
*When lay-off these local employees, Evershine will take care of it complied with Philippine regulations.
Why do clients use this Employment Outsourcing service to recruit Philippine local Employees?
Timing
*When you need Philippino help to do marketing or promotion for your products or services in the Philippines.
*When you need Philippino help to do product sourcing, supplier sourcing, and quality assurance before shipping in the Philippines.
*When you assign Philippino to do Research and Development in the Philippines.
*When you want to compete in government bidding and need Philippino to prepare bidding documents.
Advantages:
*Adopting Evershine “Temporary Employment Outsourcing”, you need not maintain a legal entity which surely reduces company maintenance expenses.
*You can quickly assign a person to reside in the Philippines because this decision will not need through BOD resolution from your Parent company site.
*Of course you can withdraw your activities from the Philippines very easily.
Disadvantages:
*Adopting Evershine “Temporary Employment Outsourcing”, when you pay us Expatriate cost of salary and tax-deductible employee expenses, it needs to add up 12% Value Added Tax according to Philippine tax regulations.
*when you pay us Expatriate cost of Employee’s expenditures, if it belongs to non-tax-deductible expenses, it needs to add up about 35% ( Income tax rate + Value Added Tax rate) according to Philippine tax regulations.
*That will increase your cost 12% ( Philippine VAT Rate) when compared with executing payroll compliance by your own Philippine WFOE.
The conclusion is:
*When your employment is few people and short-term, you can adopt our Temporary Employment Outsourcing in Philippine.
*And when your operation becomes stable and long-term, you need to set up your own WFOE in the Philippines.
*Remember we can provide payroll compliance services to you in both scenarios.
For Overseas Expatriates
Service Coverage-for Foreign Expatriates:
* Recruiting contract
*Work Permit Application recruited by Evershine
*RESIDENT CARD Application
*Arranging Pick-up in Tao-Yuan International Airport
*Arranging hotel or renting a residence
*Arranging Trading center or Office renting
*Arranging opening bank account
*Arranging Cell Phone or Car renting
*Payroll Compliance
*Arranging Employees’ expenditure
*Annual Personal Income Tax when an expatriate stays in Philippines for over 183 Days in a year.
*Other local services
Service processes-for foreign expatriates:
*Evershine will sign a “Labor Contract “with your expatriates based on the term of your Employment Contract. At that same time, Evershine will sign a” Service Subcontract Agreement” with your company.
*Evershine will apply work permit and RESIDENT CARD for your expatriates.
*Expatriates will come to the Philippines. Evershine will provide all relevant local services like airport pick-up, office arrangement, cell phone application, residence arrangement, bank account opening and medical insurance etc.
*Evershine will take care of payroll calculation and expenditure payment requests of these expatriates. Then let you approve each payment and monthly payment sheet.
*Evershine will ask your company to pay us the fund before we pay salary and expenses to your expatriates.
*Evershine will take care of wiring process for your Expatriates.
*Evershine will take care of payroll compliance in the Philippines.
Contact Us:
E-mail: mxp2ph@evershinecpa.com
or
For Italygoing-out cases, the coordinator window will be
Evershine Management and Consulting GmbH
Project Manager Anna Wang, who speaks Italian, English, and Chinese.
Additional Information
Taipei Evershine CPAs Firm
6th Floor, 378 Chang Chun Rd.,Zhongshan Dist., Taipei City, Taiwan R.O.C.
Near MRT Nanjing Fuxing Station
Principal Partner :
Dale C.C. Chen
CPA in Taiwan+China+UK/ MBA+DBA/ Patent Attorney in Taiwan
Mobile: +86-139-1048-6278
in China ;
Mobile:+886-933920199
in Taipei
Wechat ID: evershiinecpa ;
Line ID:evershinecpa
skype:daleccchen
;
Linking Address: Dale Chen Linkedin
Evershine Global Service Sites for Reference:
Evershine has 100% affiliates in the following cities:
Headquarter, Taipei, Xiamen, Beijing, Shanghai, Shanghai,
Shenzhen, New York, San Francisco, Houston, Phoenix Tokyo,
Seoul, Hanoi, Ho Chi Minh, Bangkok, Singapore, Kuala Lumpur,
Manila, Dubai, New Delhi, Mumbai, Dhaka, Jakarta, Frankfurt,
Paris, London, Amsterdam, Milan, Barcelona, Bucharest,
Melbourne, Sydney, Toronto, Mexico
Other cities with existent clients:
Miami, Atlanta, Oklahoma, Michigan, Seattle, Delaware;
Berlin, Stuttgart; Prague; Czech Republic; Bangalore; Surabaya;
Kaohsiung, Hong Kong, Shenzhen, Donguan, Guangzhou, Qingyuan, Yongkang, Hangzhou, Suzhou, Kunshan, Nanjing, Chongqing, Xuchang, Qingdao, Tianjin.
Evershine Potential Serviceable City (2 months preparatory period):
Evershine CPAs Firm is an IAPA member firm headquartered in London, with 300 member offices worldwide and approximately 10,000 employees.
Evershine CPAs Firm is a LEA member headquartered in Chicago, USA, it has 600 member offices worldwide and employs approximately 28,000 people.
Besides, Evershine is Taiwan local Partner of ADP Streamline ®.
(version: 2024/07)
Please contact us by email at HQ4mxp@evershinecpa.com