Good news to all employers who failed to remit their monthly contributions, including the contributions of their employees. Now is your chance to avail of PAG-IBIG CONDONATION PROGRAM.
Who can avail? Those small and micro businesses who did not deduct contributions from employees or remit the employer counterpart. The penalty for failing to remit Pag-IBIG Contributions is 18% per year.
To give you a clearer view of how to go about it, you can view this video https://www.youtube.com/watch?v=z6qpUYMk6Ro
Anyone who will avail of the condonation program by Pag-IBIG Fund will have to pay the employer contribution and the actual dividends that should have been enjoyed by their employees if they were enrolled with Pag-IBIG Fund.