As we know it, employers are basically required to deduct and withhold tax from the compensation or salary they pay to their employees. When computing for the withholding tax on compensation income, the following methods are prescribed by the BIR Revenue Regulations No. … [Read more...]
Withholding Tax on Compensation in the Philippines
Tax is the bread and butter of our nation. That is why our government, legislators and the Bureau of Internal Revenue (BIR), strive to improve our tax system for better internal revenue collection. Withholding taxes, such as withholding tax on compensation, expanded withholding … [Read more...]