Case Study: CORE achieves 100% Philippines tax compliance with One CoreDev’s EOR services

CORE cuts payroll errors by 95% with One CoreDev

CORE, a major reinsurance company, faced significant challenges with tax compliance while hiring talent in the Philippines. The complex regulations from the Bureau of Internal Revenue and strict deadlines for mandatory government contributions like SSS, PhilHealth, and Pag-IBIG created risks of penalties and operational delays. To navigate these hurdles, CORE engaged the vendor One CoreDev for its Employer of Record (EOR) tax compliance services.

One CoreDev implemented an automated tax compliance system to manage payroll, withholding taxes, and government remittances. This solution achieved 100% on-time tax filing, eliminated tax penalties, and reduced payroll errors by 95%, saving the client over $50,000 annually. The vendor's approach also increased employee trust and allowed CORE's financial team to focus on strategic growth.

CORE