Blog Posts on personal exemption

Tax-exempt compensation, you like it? by pinoytaxation.com on Aug 13, 2009In 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 n...

How withholding taxes on compensation works? by pinoytaxation.com on Aug 7, 2009As a rule under the regulations, employers are appointed withholding agents who shall withhold corresponding taxes on compensation. This is to ensure that employee’s taxes are being paid so that if an employee is under the employ of a single em...