“We encourage qualified employers to avail of the PRRP 2 early so that they can avoid the inconveniences of last-minute filing and face the risk of missing the opportunity,” Regino said.
Over P5,000,000 to P10,000,000 A down payment of at least five percent of the amount of principal delinquency is required under the installment payment method. It also has an interest rate of six percent per annum.
Pending cases or final judgment of employers involving the collection of contributions and/or penalties incurred from the applicable month of March 2020 and onwards may be withdrawn upon the approval of their PRRP 2 application, without prejudice to its revival or refiling. Those with judgments that have acquired finality, however, are no longer covered by the program.
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