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Articles tagged with: fringe benefits

Written By: pinoytaxation on August 14, 2009 53 Comments
Tax-exempt compensation, you like it?

In general, allowances and other form of compensation income, are taxable, irregardless of how they are called. However, there are noted exceptions on this rule by virtue of a law or a regulations. For sure, they will make employees happier because no withholding tax on compensation will be deducted from their salaries.

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