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    Decision Tree (Withholding Tax)

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    Loudie Ann Marcos
    The document discusses different types of withholding tax systems. It outlines a final withholding tax system where tax is withheld at source on certain payments and constitutes the full tax due. It also outlines a creditable withholding tax system where tax withheld can be credited against the overall tax liability. The systems apply to payments from withholding agents to taxpayers including compensation, minimum wages, and government money payments which may be subject to value added or percentage based taxes.

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    Decision Tree (Withholding Tax)

    Uploaded by

    Loudie Ann Marcos
    71 views1 page
    The document discusses different types of withholding tax systems. It outlines a final withholding tax system where tax is withheld at source on certain payments and constitutes the full tax due. It also outlines a creditable withholding tax system where tax withheld can be credited against the overall tax liability. The systems apply to payments from withholding agents to taxpayers including compensation, minimum wages, and government money payments which may be subject to value added or percentage based taxes.

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    Decision tree (Withholding Tax)

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    The document discusses different types of withholding tax systems. It outlines a final withholding tax system where tax is withheld at source on certain payments and constitutes the full tax due. It also outlines a creditable withholding tax system where tax withheld can be credited against the overall tax liability. The systems apply to payments from withholding agents to taxpayers including compensation, minimum wages, and government money payments which may be subject to value added or percentage based taxes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    71 views1 page

    Decision Tree (Withholding Tax)

    Uploaded by

    Loudie Ann Marcos
    The document discusses different types of withholding tax systems. It outlines a final withholding tax system where tax is withheld at source on certain payments and constitutes the full tax due. It also outlines a creditable withholding tax system where tax withheld can be credited against the overall tax liability. The systems apply to payments from withholding agents to taxpayers including compensation, minimum wages, and government money payments which may be subject to value added or percentage based taxes.

    Copyright:

    © All Rights Reserved
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    Decision Tree

    which is prescribed on certain


    income payments and is not
    creditable against the income tax
    due of the payee on other income
    subject to regular rates of tax for the
    taxable year. Income Tax withheld
    constitutes the full and final
    payment of the Income Tax due
    from the payee on the particular
    income subjected to final
    Final withholding tax withholding tax.
    system

    Withholding Tax Withholding Agent

    Regular

    No No

    Compensation
    Supplementary

    Minimum Wage DE MINIMIS


    Expanded
    Earners BENEFITS

    Creditable withholding Withholding Tax on GMP - Value


    tax system Added Taxes (GVAT)

    Withholding Tax on Government


    Money Payments (GMP) -
    Percentage Taxes

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