Income as a Result of Attrition Law

Additional income/ benefits as a result of Attrition Law, whether in the form of cash or reward in kind, shall form part of the compensation income subject to withholding tax on compensation. 

The FMV of the reward in kind shll be included in the taxable compensation.

CBOS Accounting & Taxation is a Xero Gold partner in the Philippines helping business transform to digital accounting.

For assitance on this kind of service you may contact us now.  . .

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