MWE receiving service charge will still be exempt from income tax on his SMW and enumerated exemptions.
However, Income other than those in the enumeration shall be taxable, computed by deducting the non-taxable portion and other deductions from the gross compensation income mutiplied by the applicable graduated income tax rate.
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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