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What is Tax Guidelines for Compensation Income about?

This document summarizes new regulations regarding tax withholding on compensation income in the Philippines pursuant to recent amendments made by Republic Act No. 9504. Key points include: - Certain "de minimis" benefits provided to employees such as medical allowances, uniforms, and meals are exempt from income tax and withholding. Limits are placed on the value of these benefits. - Compensation of minimum wage earners in both private and public sectors is exempt from income tax and withholding if their i

Author

matinikki

Language

EN