I've been neglecting this? No. I'll put up a Fringe Benefits summary soon.
Please check out my Bukisa widget! D:
Making it plain and simple.
I've been neglecting this? No. I'll put up a Fringe Benefits summary soon.
Please check out my Bukisa widget! D:
Today's a holiday~ Today's rainy~ It couldn't get any better, bb.
Compensation Income
This includes all remuneration for services performed by an employee for his employer.
A. Regular Compensation
B. Supplementary Compensation
Forms of compensation
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Aiyoo! That last post was really sad, so I have to make it up now D:
Passive income
Passive income is subject to a separate and final tax at fixed rates. It is not included in the computation of taxable income from compensation or business income.
Passive income for resident citizens, non-resident citizens, and resident aliens
Interest
Royalties
Prizes and winnings
Cash and/or property dividends
Passive income for Non-Resident Alien Engaged in Trade or Business in the Philippines
everything mentioned above are taxed 20% noting the following:
Passive income for Non-Resident Alien NOT Engaged in Trade or Business in the Philippines
everything is subject to 25% final tax.