JT INKERENT POWER OF THE i STATE WHAT 1S TAXATION 2 2 unt © akodL power + uu «poet . LIMITATIONS OF THE TAXATION + mod Of cork OH dictator POWER THEORY OF TAXATION gape ae — + nacadety of func, Sp oe ae 5 Basis oF ‘TAXATION INHERENT LimiTATION o mubLodity of aupant Te cope clad Mee gpvonment EXCEMPTION TO SrTUS | e dunpn ond naidant Shs a iti cLomestic | icra es tea see oukolds Piv | » step oN soarokLon= : | provnad rosa Sento LI | nor Nid ai one boxe Dl | THEORIES OF COST ALLOCATION On teonahine ob daapuabiia wit Ov : 4 Renahite wlo Phe i 2. aaitiny 40 oy ery EXCEPTION TO NON- DELEGATION | i ' \ on OF TAXING POWER wrike, Ont alowedASPECTS OF DUE PROCESS & Encome rox dubia On pLuncta ° Wbakonkuie ~ wire Hay om renclorech * Pgectinal 3. Income Sax wiitua on nase Of NO PingP Tuvan REPT AR En EDU CON tee a ntsinw FUNDAMENTAL DOCTRINES IN NODs DE TAMATION SC HOR LG ee today Toxosion, ve not te IMPACT OF TAXATION red 2 ducing while 1s ton las aii Jdobt oct 5. Pacapaciy oy Lowe x 4. Rone Om ALE “Obs INCIDENCE OF TAXATION 5. On odiggnments Of fonte + Gaamomink on detrmination, of Box Roeitiile of dbo pout G. tanpranernprilaidity von, 7 OE OH e rae CU : a SiTUS OF as kiko, TAXATION Seana eee past, of staxcdion [trite Conatuutton of baw ou, vate, Seats RN Tarara ee ‘seat a 1 xp ~ Vv ee Alen, spin gone wnt elie = Sa te aForma! ELEMENTS OF DOUBLE TAXATION a drown 1. Primary tRement : b. wockwonch Aome Obst ©, oauord a. Aacondlow tlamento: tai f : 7 aR a Sito adagah ha vo Oy fit 3 TF TYPES OF DOUBLE TAXATION ae Woaken ox LOCAL 4. Bukuck doubt, Loxation 40 foun dounop 4 an. 2 Bnclink cowie daxcs-on UNIPLOULONY. " Siananta, oo nat 3 CONPONA~ uunanta ua ndk COmmow GOV Tax AMNESTY VS. THX CONS HOW cAW poveLE TAXATION BE yolbadltts fergie: jog MINIMIZED? n wad Soke a. Provan Of Jom eKemprron Tigo Bo eat Sopa bo. OLLLow porsicgr, Sa Credit, . oud ue” oe Ree o. allow meiprocad bax Jrtok eat aaron rant : Sox dy wat vata uote on Rito oan ome we ESCAPES FROM TAXATION a arte oed ‘Linkilitaie Ce thos remubte Lobe of Nous que NURIA “Tom Quaavow = “box ino)" oe : fem! Tone ous idloue. - “dove min aaa mixgbion” ~ Sop 3. Tom Le imption4 + “sc | 2 2 ee ef | wee 5 Vie NATURE OF Pin IpPINE TAX LAWS eon Ul ond fatiticar uv SO” TAXATION LAW ue ln ‘ aiunded TYPES OF TAXATION LAW “Sa ancien on pau comglionch 1. Ton Lowe = prowide Jor aannes- mink + valludion e ~ wenponeecl J SOURCES OF TAXATION LANs 1. Lurid by the tanang my UNTER! ing quaiadiction 4 . awe yidlode unirab + Lonatitu- &. Aeobutes ond. Pruaicenbiot Rican’ Uundation 4 Gusticion Drcraring or ccrde Lown s, wratoney + tqatokee 4 Creeuare COU and Botow Pom puudlio punpou bona, x iy chonackix 5. Oudkminuatrobuit Qaauone 5 proportional Hv UW. LOCAL Orclinane G. poupia, vy monty % Tom Trolia + conmentions w] = Worn vanntnate g- Ravers Raqutodions TYPES OF APMINISTRATIVE ISSUANCES ma 1. Raveant Riqlation oy PE bs Subgeck, Mota PPE Re UL OCunduumn Orlin aes DI. + Ravi, Memorandum Rulings od Qmaunt > SAV - Rovteue Menordnduure eiiculou t nak - PERM , + é ‘ buy - + Revere luittatine Fay Ye umpoting authowtly = NLDISTINCTION OF TAXES WITH SimI- ACCORDING TO IMPACT LaR ITEMS s Tom ve Revere G ik winladia bow © Tox vi. Licenan que = pogt-oxtiy Y umanodin por vdly pote, POWer = paL- acuity ition Tox va Tow Simona, bedamase. Rowuantly ” Ounaht i va duh eens ‘Tox vt. Spittal Qaarament, + Gumpouic on Lord waned On only Tom ve toh Me & Sunproad on, von VuRfUAKLAL OV exports goodie. “Tom vee ar + cuppod fia gps cibcounnny, am TAX SYSTEM machod 1, ARAL pecs cae ‘8: edinidud waka as ~ nokionoL ~ Loca TYPES OF TAX SyeTems AccoR- DING TO ImPosmoN * Proqeeawe © Panpodtonal + Rua 1. Prognicaut — connat he dhifhid 2. Rughiaawe ~ artim poow TAX COLLECTION SYSTEMS A. WITHHOLDING SYSTEM ON INCOME TAX ss Aiditodle wdbhalcling bow daNRO- a Nidanakding Seay On LOM ponnotion b. Gxpondid wilhholding bax 2. tunos, Wulahaboling bow B. WITHHOLOING SYSTEM ON BUSINESS TAX ( VOLUNTARY COMPLIANCE Sy¥STEM -* ado nod” D. ASSESSMENT OR ENFORCEMENT S7S~ Tem = gpl cclanteipiia none compliant. toxpaupna ED 5 pasad ookyiee) + T ~ throriticnt quater TA colina duit peodlertitty TAX ADMINISTRATION e mown of tox oe BIR - Und Tee Of Bapork ment Ob Yenues CHIEF OFFICIALS OF BIRRULES IN ASSIGNMENT OF REVE- NUE OFFICERS To OTHER DUTIES Oaalomid 20 watobtiahmnont wiv AXCADIM Ouriette out KERb = 2 ype ° Bonkomid 0 efercad didric vty. OTHER ACENCIES TASKED WITH TAX COLLECTION OR TAX INCENTIVES RELATED FUNCTIONS + Quntow of Custom + Boord of @rveotment: 0 dacal Movement Tay Cotlicting tunisINTRODUCTION fl By ene TAXATION | | | oe | | Q WHY 1S INCOME SUBJECT TO TAX? x ounps” 4. Sia bes 2 heron 3: pepubotion * Bsah muoauat af onporynr obi Siky 40 pou Love WHAT 1S INCOME FOR TAXATION TAXABLE RETURN ON CAPITAL PuRPoOSEs? FROM INSURANCE POLICIES shoe Uoactak Of aintome! quoan Oe ducts Omount Ontn prLmun eh of om, (waaannd. oWiiwte Ha prabcey) home hom Of uncom: uktm b. qoan sods. ty poss, Or onnlcgn ghee ant CL urns aie eo. untae fron vapous. bal Bed aed prodtda Ores o.courer | | i i | | * Krom wivcome - trendy chubrac RECOVERY OF LOST CAPITAL VS. ae > RECOVERY OF LOST PROFIT a ELEMENTS OF Ly patann On GROSS INCOME \ cogikat 4, Return on copitol thot * koxobts nicovery Ob Lock prope ROALOALE wonky Q. Pongade OL crap Cr Lueetock {a Reon h ARSUAQAL 3. Rob applic. ley Low , b. guonacuy poymante 4 contort Os UNL Odsy oo owt Brom patent ula - Panggrunte CAPITAL ITEMS DEEMED W] INF cx acluontogt WOALOAL U AL NITE VALUE work + aueapabls oh prowniany valor + not kenehdio 4 bon s o- Aaetyse Uh money do ee ALA ‘ wae buatTHE “REALIZED” CONCEPT BENEFITS IN THE ABSENCE OF a TRANSFER * docathiee for, Soxpasnr bo ke © nak Soveovlt, sitll of manu unadig REQUISITE OF Pe oes REALIZED BENEFIT . A. That mat be Our oe | + MAO ey hs CO bs nA- COU we chongp dronanton © aotoumplun of WALOme watampAL dow FY 1207 5- ox 4, ncome Of SCL employe SP 0] Rvenkdh Of MON ALOK , ROK = PAD lB « gh a ILhvath, HOME WitaT is MEANT By ANOTHER © SSS/OS Ce enny . TYPES OF INCOME TAXPAYERS « nodal. pLaton! Yuriclicod Brg anchwidurct dn . 4. Cikiapey © SOO HLOne vtucly Urwole Riatcuat edioen Nac jabra |qruduiead. = Rn: Bearcat: chins kono - 2. QUA ag ance RU WeHL ANIA Of, Roaicant abron propor ty nat banaue b. one Ruaichant, oso - NRA ETB ~ NRA NETB 3. Toman. Jatadte + dau(O- OWNERSHIP co-ewnre ont Corporati o- Romaatie, Corporcttuon s utempe Bub CO” oe b Yorion Lapoodion awash On THU thawte ~ Reaiclunk FC - neFe giTus OF INCOME ve. soURCE OF orien oa | 1. Ubiya ob the ime Of O- Achivitey, tot | dlopdion af conakitudiion produces he ” Cf a, (987) INcomE Sirus RULES 3. how bijou 4 HINTS Of i ruwak uacome ~ Cuber’ paige maehine who duck taint aie cAipO ene Upon ALO 4 Ragolinia - whan 19 8 ehaio, Ha 09 Of wWagPty Engeye : pd in acerdonce |g pane income Location oh potty LENGTH OF SmY 188 Days OR MRE REC” ge wil Untore = plot whet RL RLAULEL 12 . ; tad ob UutOmt adua AY ie As How on Le piracnad propinty a. clomuatie, atocks - phil. be ObhAR (te. CON) - whe ME ha acl, omizen Less THAN 133 ALIEN MORE THAN L7R RESI- Dent LESS THN E YR) NRA MORE 120 DAYS ETB MORE THAN 4 ¥R Lees AL ALAL proparty - whine Le a Located CORPORATE INCOME TAXPAYERS 9 gin. Nae COP ach qotnt venta 1 Gomsatic coxporation- psoas PARTNER SHIP . on GPP” nok Romo bust fortron * - LOO b. Buca pokngnship~ oxcuobe Oe Rearchank TC ~ PRE- DOMINANCE TEST JOINT VENTURE x : + nokio ap Phe OT ary weld duane wrdnkeng Yow Ov for opars wrtome wi TRE prtectcleny TRUNLON ee ay of 5 ytow puvod b. dnempe Jock duoat 50% - torntd within J thas than 60% Antara toy akawact be NRPE - adaned abroactPERLE TESTE CHAPTER FOUR INCOME TAXATION SCHEMES ouspoud on takoin coptt ot on O. Turok, uincome For + corpibal, oaauta at 4 b. Copitol gains Sout ee puanist, € Rusgubon eneome £0 * tachnony onntlan ward 4% . drode b prcpearon + mukwatby tet ure copphce only 10 > homiatie, wakou FONAL fn- or® COME Taya. FECULAR “yi tonorwins SATION + ud Cpphiondaty onty LO ALO rage put paraure WRCOML O AD ALL tncome aadtds by Lou se Ehuadedini bags 4. ache BALOML PASSIVE VS. ACTIVE INCOME & Okhnt! iE if nae vwborck bo enint mol} Nagpal Le Copikon, qorre Fax : ul y ce wxkhout vin tyot = pout wReome ACL Uae vralyemont a: yk te ena toy we coortion UNA Ruan ant ACCOUNTING PERIOD dtiecunde ; Nayotale wreomt a) wanton aecouting paved. = th monkhe ie CAPITAL tine 2 CAING TAMA- + et os eee Ticse TAX AND ACCOUNTING CONCEPT OF CASH BASIS AND ACCRUAL BASIS DISTINGUISHED INSTANCES OF SHORT ACCOUNTING PERIOD 4. Newey 00 ed busanons Le Aduonead, income ua, boxotele, = eowtna TRL akork of the buni- — UROR Atempe gas Ub Hot 2 Propad On on” areas daricrodtd Yor 2. Prapodd Lx penare dada ckible se & Duarobdion Of buainees 2. Spacial, Ox OALOUAtENe NET ~ Ak OAL Oh Ms huggunt to qywsitmsns uat Bee spasiowed Hou dod of duaaoiusibe Rownst ney ACCRUAL = Un divicuow’ no Lovby PUA © Incomes 3. Unonag Of accousting panvod CASH Income Ot by Cbaeate Loony me ACCRUED INCOME xx = akOnk Ob He eo AOVANCED INCOME xX f dew cod db yon 2s Peco ug ho i GROSS Wweome Po, 4 Reokh of Loxpi © Expercte ~ akon. of corlind.aw veer Lo CASH EXPENSE we chow of Aue ACCRMED EXPENSE XX = no Lory Lrg, earth AMORTIZATION OF xX amino ORLOUNING, AL REPAYMENTS + + Tayminntion oceounbing eRe my EXPENDITURE ~ ako of Ueant pet es = cavmuna lion Hire & on una vurmechioluly ACCOUNTING METHODS CASH he, i makhod a uso 4 wome formu, ba Orbs, N= eae mot He arene YLLome + 2. unk ollnant dspiond pour — Deowaid dnpenant MAb uh SALE OF GOODS WI EXTENDED 5: NNO Of Copia, wu PAYMENT TERMS ae imag - 5. wp yor baal TIPOC NENT MEapCOLLECTION. = GROSS PROFIT X Lee] Conmmner PRICE UAAOllnsnd method ya cunita- wn te J + tellncsion On yor = nclads obs 1. Drodn Of poraonad propinty = Of, Cod. Dos. Of ok prspiany they nage : er 3 ae bon Broder nto = me : ate doe INDEBTEDNESS AssumED EXCEEDS en TAX BASIS dxed a5%f of Selling, pct 3. LAMAL ALL Of non drodoe PINE TURLT PAYMENT? voy punpedy ALA Or prracnall, DOWNPAYMENT “x weg mua ow ated IETAUL ment AN THE xe oF wud A a EXCESS OF MORTGAGE xx “ ot ps OVER THe BASIS INITrL PAYMENT xx a: POONTRACT FPRICE 2 to port maul bor B SELLING PRICE x = SELLING PRICE - TAX BASIS/ LESS: MORTEAGE ex) coee chsty COLLECTIBLE xx STEP EXCESS OF MORTGAGE “x ie (Conca REC -. PENT) * tempts for noukbo Gb Uribe al CONTRACT PRICE 7 porprent 20 pulling, flav INITIAL 2 DOWN- 4 INSTALL. * PAYMENT PAYMENT "MENT@ ye 9 dod t ‘pale = hau porgen at oF SALE an ¥ tonal PL = Oo pre = sig a STEP anes : compud [o> contort LLOME WON, : diy poe noe DEFERRED iC bg wz PAYMENT $ COLLECTIBLE paren nine METROD Wer TAL * uaid UA aspanhlng wrtome ‘STEP s}) WAN non wna eae . KLINE CR CORRAL ON pe * nktoarniyp, Opraas UnLomn, 2082. © duarount > uniiaal tNCOnL W cumdrtitec aver LOE KL me2am 2030 203, : CACH DOWNPAYMENT Int yg Pv oF nore sk SP 1am LESS: TAX BASIS. 14M, GRoss INCOME S0oK . ROME We MLD! Discount liNTERECT BOK Kon He bake i come nowital Od. ERIN QL pantie” ws honvtabd, a ss see Bartonce anpunaa of torr Hp 8 TION = MODEOF FF — “arenes uNcCMR CONTRACT PRICE xx sh oF comPLeTion oe, ACCUMULATED REVENUE mmr Le ar Bie i Less : REVENUE PRIOR 72 (xx) + U- FPS REVENUE FOR THE 7R a Res LESS: EXPENSED TORTMENR (xx) * tom ie nn GROSS INCOME FOR THE YR SK carne OUTRIGHT ¢ PENALTIES. SPREADOUT FOR LATE FE LING metnoD —_, Lin 4 INCOME FROM LEASEHOLD improve- OAS fe ment be Sif = willl Geek) mandack did dupu- = YOUN - “eased ip = a aie ae ban Va. pan On ne ee a compronuin «ane {aot Interest = TAX x 12h PENALTY BASS Tranddion Oh boar VALUE improve %| WEFUL LIFE DEPREUIATED - cost oF — /exCess OF deere ure, ment ANNUDL INCOME = DEPRELIA- 2 LEnie TED, TERM 4 Conpaaht Wh Low Oat TV prnattitas VALE: (ere) = Jedeal, Love hat A compas snltateh bebo RaneloagyCHAPTER S FEATURES OF FINAL INCOME Lat. doe pi Newyed TAXATION wheal Wa prod bo ahd JGK . 20,000 x Apt = 4900, F- spina: ove R07, —- |= umpoud on earlore produ F TAX ON PRE-TERMINATION OF T Myth anaove AEs oe LONG-TERM DEPOSITS = Koungadt Ob OWL T+ dawns sunpoadtion LESS THAN 3 7RE aot 3 vee Les) THAN 4 wwf 4 yes Lets THAN S st EXEMPT + Phitigpue mniclinle poyyig, NRA cine NETB 4 NRFL ACME OL daLiggtad FOREIGN CURRENCY DEPOSIT WITH aa FOREIGN CURRENCY DEPosrTORY BANKS coRPO NRA NETS TAXPAYER IND! NRFC RESIDENTS 18%. is NON- ESI" exemeT EXEMPT DENTS PASSIVE INCOME SUBJECT TO FINAL TAX NRA NET & NRFE tx ’ fuattiin, Lang. ul, Goo D q DSP] WwW IR OTHER APPLICATIONS OF FINAL TAX s ON INTERECT TV) = ren monet plocenente G- mink acount sun geane D = dupoik substitute mor CORPO f= true fpandl GOURCE OF INTEREST Income vue dovead, : Oo tay, arth sont TERM 2o',, 207, LONG ~ TERM exemt a0 see 4 NRA-NETB = nak udempardl + dLonay team, = Mak date thon $yINTEREST INCOME SUBJECT TO RE~ CULAR, NOT TINAL TAX «agin aaa htt P = URINE doy kon P~ panctty dao | F bank ow TAXAEILITY OF O YwarLoynink Conesllolion & ardumation b. daods, to alttnolton ob cuir dip wr HAL Cospanation, DIVIDENDS TAX RULE coRPO EXEMPT wo! lot, FusAL Te Source DomeEsTIC FOREIGN CORPO © REGULAR < uRA ETB- 20% a wea were - as’) eurre — - 307, ExEMeTiON « 2 ont din dard nai As eninge, euani gontrestiup ) 2 Qitdunda (ror tocpoder STOCK DIVIDENDS REGULAR DIVIDEND: TAN RATE HISTORICALLY , goa at wat ee + pom as oh. 1am, gi + ron + ao00 4 Hrowaon \o7, DIVIDENDS FROM REIT elon, frou Stop Ae vcs Leng SHARE IN BUS, PARTNERSHIP NET INCOME ceovnatals qanouokion , youre rer accounts Sune , Uo -OWnn~ whip , REIT * lolaak Foy + oak wepnaade Final bot + Depend = RIT = aclnctl = Fural bye ROYALTIES + Roun, Ny Koyplive 5 INDI CORPO BOOKS, LITERARY WORKS sf a 4 MUSICAL ComPosiTIONt Oy, 20)5 OTHER SouRceES a0‘, 20/, pools nua a punked Siinon jour = pe copsis |i hooks = 20) - wrumoiropopive Lint) _ ye puilo wols + CONTRACTS ThE GENERAL RULE* Ocbut - RIT e~ noth : 4 aes NETE- ASHE +3 ecard ve > RT NRFo - 307 Pradipprna e'how nur ow PCSO Pow br, oppBad On ov parr Kickur lararey A REQUISITES FOR ROYALTIES oa TAX INFOR? PRIZES, NERS AWARD 2 Reauisires Tee exempren: | Ih synod Kay. A. uu wlo oxkion on fa pont REGUISITE OF TAX INFORMER'S do unt tht Conteh REWARD 2. Oh nig LO indus att . ; - Tinta od tonaitigns to Nena prige ve ota tramp: b= dag do darcovtay of proud = Moat auketanduing Cb - niaulla Uy Ronee 9 in OE steer oh te ee Vv B - Ruak nok ber oie oHiciot | Amount OF TARABLE ino) corpo. () — okhin obfitiod ond es Prive PL = phone ynkhun, (tv, Loaner: EXCEEDS Flo,tod 207% RIT ry Of Amount oF CASH REWARD Nor EXCEEDING rr RT 10,000 L to% : : 2 1,000,000 # powan pawaut uatome “rkitnayen, A LOWY WINNINGS TAX-FREE oe: an ene CORPORATE TYPE OF WINNINGS pcto [torre Nor EX" EXEMAT ExENFT ceepie 710,000 COVE ANT peso [LOTTO EXCEEDING 80 Je anh ay BONDS ower WINNINGS IN ROL RIT GENERAL The ON INTEREST BOND INVESTOR INCOME ON TAX-FREE (NOI CORPO CORPORATE BON «90%, RIT * Npondtus Laas} cabin, dur koe spt ‘de all ele | ee eeEXCEPTIONS To THE GENERAL RULE FOR NON RESIDENT PERSONS ExCePnons NRA- NRFO NETS 1. Copitod Ise. Is cn dati cee cet Aviv ely ko huge 2 Rantala on ane- asi ast). me oh New ; matecpo te Mrnin “tase “habe 3 Rantala of vestile 257 4h of nintale of rental 4. Rintole OW ast, sy rape, modurana, hi ie andl OnE 2qyutp~ ment, 5. Amik wacom Unde EXEMPT spowian ewanency dpo: Bak, Aapphtry G. dtintak On forniony Nik 20%}, Loans 3. duwidimd Income 257, IS sly boy ft ku a. Tox on vorporale 20], 30% onde, of eee sth, wart Of bax opa- Bobdjrr dy bO wetwcly Hee + the NUMA null va Atured yo ound) INCOME PAYMENTS TO sUBCONTRACTES OF PETROLEUM SERVICE + wlotontrouton = 8h ot bx ew hitn uadividual coypora- Won, nadtat 6 non- nbaidint FINAL WITHHOLDING TAX RETURN © BIR FORM ObIA-F - MONTHLY RE~ MITTANCE RETURN OF FINAL INCOME TAXES WITHHELD | Quadlunn © on ov bybow the loth du the month ie wk iatrdangy wa made ° BIR FoRM OGI4-FO ~ Guontindy Rumiktonn Rituny Ob Sunae &n- vom doit wer hula. 2 Quadban + on @ bapa te ook dhavy Oy Hou money -fahLourncy Loy Oy WO ENTITIES EXEMPT FROM FINAL INCOME TAX 4. ro Qyorerernank , boa ecw ~oumd ont ae Cinanich vanporattona de Ankuv nacional maduona Ov ~ weprryations w) boy amounts a. GPP 4 Guatibnd empreye Suck SheALLOWABLE DEDUCTIONS / CHARACTERISTICS OF THE/ * eypinae of the eonctnct, of bur REGULAR INCOME TAX tatrinanioanpecaatt . G- © andiidual nak dnopoy we area sus cone go tac ~ annuor bow - ee wibhivatoliady TION ¢ OF in- THE REGULAR INCOME TAX wove p IViDUAL rae Co GROGS INCOME - INCLUSIONS XX be gS g LEGE: ALLOWABLE DEDUCTIONS (xx) PELs TAXABLE INCOME mes 1. Punt tompencation Uneome fi — ROA . Atom LOA ms oy open dor a. Muged uncom LOMNDY ae Ancanene un apo uncon . a. Speiok tapas oe v NOTE ON ca op at EXEM PTION be Bacay um prepare 2 He dain Low wimpy EXCLUDED VS EXEMPT INCOME + traded urcome wa alec ch wadivicluad vneome, Bugs ane un COme pom suid, ui the NIRC = ayyeture Goamony | 2018 © thom|b “income - aneladr oll wiveora Uxtmph jrorw UNUOML, how whither fra, copiltou open Oy negation pede. (aug, NIRC apeeiolTAXABLE INCOME OF PURE BUSI” NESS OR PROFESSIONAL INCOME EARNER GROGS INCOME FROM. BUSINESS | PROFECSION ‘ADD: NON- OPERATION xe INCOME Re TOTAL GROSS INCOME x - LEGS: ALLOWABLE DE ~~ ) TAXABLE INCOME OF DucTiONs ve TAXABLE INCOME xx INDIVIDUAL INComE TAXPAYER A. CLASSIFICATION RULE! 2 GLOBALIZATION RULE? * pots sntome da rit, cLoutie Sow munied wneome gas pid. unto a. On NCO, b- Buaunis Ov properdernot x Lancome LESS: NON-TAYABLE COMPEN- (ee) SATION GROSS BUSINESS INCOME ¥x ADD: OTHER GROSS INCOME, xx TOTAL GROSS INCOME = TAXABLE INCOME OF PURE COMPEN SATION INCOME EARNER TAXABLE INCOME GROSS COMPENSATION INCOME — >*% LEGS: NON TAXABLE COM- (sex) PENSATION TTRXABLE COMPENSATION TAXABLE INCOME OF CORPORATE INCOME, TAX PAYERS 7 aty ny ALKLOne ond Lkumd of | Lan wNwOme fag Caw, condrarla ov trtocy LOmpULd wa The ROME mo Ww Oe, PIL biQuntes gn PANZAOIAL UrCOm Lari TAXABLE COMPENSATION INCOME 7x Less: DEDUCTIONS (x9) TAXABLE NET INCOME xxNET SALES [REVENUE [RIF xe t 1 Hi DETERMINATION OF : e GRogs INCOME FROM ie omethear reat - BUSINESS OR PROFESSION Se oe @, Bavauneas SuuLing, aycoda, TOTAL SALES xX SALes oe ao LESS : COST OF SALES we LEGS: Cost OF GOODS SOLD (x) «GROSS INCOME eK GROSS INCOME. = ADD: NON - OPERATING x a Income =; COST DE SALES TOTHL GRoss INCOME ES) LESS: ALLOWABLE DE - BEC. INVENTORY xX ‘DUCTIONS NET PURCHASES xx FREIGHT IN xx TOTAL GOODS AVAILABLE OK kG rool uiveomne ow FOR SALE ° me LESS: ENDING INVENTORY a oe x Rute Ov Nuempe orm Me xl NET INCOME be Rvaumias cetbing Auwien REVENUE. LESS: COST OF SERVICE () GROSS INCOME = a. noms, dudkat louis GPP, Annas, Pus ow Lada, ov from ov IKEA gOS: we LON [REPORTING FORMAT FOR CORPO: [RATE TAXPAYER! (ac) NET SALES |REVENUE|R|F oy LESS: COST OF GALES Lee GROSS INCOME FROM OPE- “Soe RATIONS ADD! OTHER TAXABLE Ny yy Come NOT SUBJECT TO FINAL TRX TOTAL GROSS INCOME + REPORTING FORMAT FOR INDIVI> LESS : ALLOWABLE DEDUCTIONS bo) DUALS ENGAGED IN BUSINESS OR eT INCOME = :PROFESSION (rLAL) xX oo eee 2 a * hb ¥uy | anv0Omnt uae panto re apa ae on soe neem va ung ko prod nots w| no to ogtnate hed ees one w) 0 TYPES Or ‘ia toe Sree RECULAR «=~ ron FORMS FOO TAXPAYER INCOME TAL movw nae msi Forms te Pa ‘eal ,SWG 4. anadinicluat Urcomy Kove SrEMIBeD , 0, 2. Lovemad Uncdmy ove opnnc 8) OPTIONAL INCOME TAX THE OPTIONAL ‘Je INCOME TAX FORMS [rol MED INCOME EARNERS, TRAIN Jom uabyo duueid an Of- EXTATES & TRASTS Buona uincome bos yor aal om [CORPORATE INCOME TARE pee ond Ov propttannata (se) PAYERS: wor opt bo be FORMS 1#02-RT CORPO SUBJECT ONLY To 30%, REGULAR INCOME TAX ‘Tosa aL 87, Of Sodta on Nxuipt and, OEnEL nomr OpAabing ULOnt Forms ([tor-mx SUBJECT TO SPEUAL 5 OR COMBINATION OF TAX RATES EXEMPT W] ND TAY. ap FORMS FtD2- EX CRATE cs SE et a ng ‘ona + UV ool dun Ourale ea- - BIR FORM FOI A oe BIR FORM Fo2@ Oo Mma fom, Lome eee “OF QUARTERLY TTI van Bo of Bobo Y INDI CORPO. ALO sabe yak dQ thy - sr GR may 1S 40 Daud AND GTR Ave IS END oF am BRD OTR Wov ISCHAPTER 8: o REGULAR INCOME TAX Pi EXCLUSIONS & FROM GROSS INCOME EXCLUSIONS PROPERTY INSURANCE CONTRACTS ont untont vetuch WUL RO BAe anounds vin oxceas Of the LOX Buubgeth Lo UiuOMe Luk on nob oat or duck) SIs os tere hahglh OSM fT i ke On box, copsal opane oe ‘ GIFTS, BEQUESTS AND trot shout, « DEVICES OR DESCENT GRAPIC mre tas os Le Rift, hequrtal . dowrer, diaeents nen UAL OA Guatent, of LENCO opoduition . (on of din 2+ Qumounk Mewed by snauntd o4 ind adk viv pons sincome Ov NW Ok BALIALURY ay Ns : 4 Preuida RUN bn tn oy Haseena (ne Ss. Some Us erent ad roy opal G. Pompannation Yar vinaguiba onal - on ™ ws - Huw peer of Lona» a MISCELLANEOUS we 2 i 4 7 ILPPCC PERA IS ca mn 2 ea dn uduudk ‘ we PROCEEDS OF EMPLOYMENT GRATUMES © dauold on 1X yor newiesa, LIFE INSURANCE POLICY * ae N we iia eee COMPENGATION FOR LUNA Ud oun aUonLumens JO powy urdintas anton the wureata INJURIES AND SICKNESS ~ + nuinbunaumont of Laat aolany Reapeeesontane origrec ie cesome AMOUNTS RECEIVED BY J THE INSURED AS RETURN (OF PREMIUM INCOME EXEMPT UNDER 5 . TREATY uk Yor drompls unawnd Quii~ : le ind tae palit, SBME On gut ikon (auetan Of patmiorn) wa origina Ch Ow Aura Levy fos, on Harry Of coy uncom "howeRETIREMENT BENEFITS, in fu = PENSIONS, GRATUITIES, i 7 shine ; AND OTHER BENEFITS > ° Pom sfoulgp gota 3, RETREMENT BENERT REQUISITES OF EXEMPTION? ‘viol itutione a by 4-10-50- REBP “foigg qoseanmaria 2. SEPARATION /TERMINATION Income OERiveo By THE GO- REQUISITES OF EXEMPTION: VERNMENT AND UTS POLITICA’ SuBpIWISIONS FROM: a. Ow do - thatatenting Sicko, . doe OT prupical disor a puktic ubildy ol! PAMARILY IN RECOGNITION oF (ScaRncet? conta He engl A ww enrees ano auanos NAPE do! a. b Or woe dudiser wo prizes ANO AWARDS IN SPORTC om COMPETITIONS GRANTED TO b. dtanura Wowe poy Or Ha CO” ATHLETES mrumubtion Oy occivmualLd = whith bocal, | uitanabionad, Uranid duow erudite, OAL by Wei, nabloncl - eporkz agar 3. SOCIAL SECURITY BENEFITS | RE TIREMENT GRATUITIES, AND OTHER @ CONTRIBUTIONS FOR GSIS , SES, SIMILAR BENEFITS TROM FOREIGN GO HMOF AND UNION DUES OF VERNMENT AGENUES 4 OTHER INSTI- INDIVIDUALS TUTIONS, PRIVATE OR PUBLIC ee, antya5 + pueuied ayy ntaidunk| non- nlai- set yeas obsina Whe Lone oo Coking Os compliivarss monet ho eA puamoruntiiy am AL Phir ~ eras | anole SippAie e crtditale wihnolduig be ui 4. UNITED STATES VETERANS ADMI- nok On AKCLAALON An ALONE, NISTRATION (USVA) BENEFITS fuk a Ca Yedlit whith La decane - dome NALA apglia bo USA bial tht uncome fax clue arapitionsa of YUi- of Bon gt velone ; - + hone um SSS, CEIS, PRL 5 OSs wad RA 8082 onus HOMF wa not oxcb na G. Gls Under £A BRI ROK LOM Qroe WALOME Rant de- moe on a eat a LONTRIBUTIONS TD PERSONAL, EQUITY RETIREMENT ACCOUNT MISCELLANEOUS 6 (rena) INCOME DERIVED ON INVEST- eer ow wa atlowed 20 contri. MENTS In THE PHILIPPINES bouts up 2 7.900, 000 pia _geor, IN LOANS, STOCKS, BONDS, OR = NON-OFW ua afLowed PIbD,cop OWER DOMESTIC SECURITIES « Zk we an Additonal oxclnond OR FROM INTEREST ON PEPOSTE guponae wm) TAL Lx CLugrion. aon, IN BANKS IN THE PH. BY: I buBiond ko 66S qn Csi < + PERA contrthutare on atloreal tp dum, Sh Ob PER contriaa bar crict agai anh dnttal yoru NAPERA INVESTMENT INCOME ano rena pemmeurons = ORY BE Temp prom ed (erar) + bebo anata, dca Of Gag, Mrietetmeat ua muiat nak Oxearc P 4,000,000 + diab kublona, on, deg + fo unk, laanaita sunk Oar AXEALORG Ltn OMe bent Litt. Of Coctat butr by his huind Ov Mi a , OMA Od Hu corae mare + aS nol Cade ped. aa BM on BM ee w ISTH MONTH PAY AND OTHER wenerns Recenes By orris OPERAT NES | CIRLS AND EMPLoveEs oF PUBLIC OR PRivaTe eiriTies Nor EXCEEDING 40,000 soxccumubokid nLtuue cack uadie vider. muat aot daxcsect GAINS FROM SALE OF Bonns, #10 1000,000 tag Gmpiue allocatio DEBENTURES , OR OTHER oH a Pee ne pare CATE oF WoeBTEONEES w) A OR CO pares MOTURIDY OF MORE Thaw syne * Rusk gtoant capo of “ts hat Se EXCLUSIONS Aebaded 4A He Amount GAINS REALIZED From REDEmp. "OAL Me eae " TION DF SHARES IN A MUTDAL naporboni, qin vAcome wa whe i FUND COMPANY BY THE INVESTOR 1 pipiens ne DEDUCTIONS Pigs on ly hate o abially UMbicid un the amount ques Lrcome bub ee | OTHER EXEer phases ae os INCOME UNDER NIRC AND sPE- CIAL LAWS 2. Munem woop On tour, a a : be Bnceee y bMBE + Unkparbuer, ; 4 nore Bhodk, tan props, inbiteia £. BOS weep Drath and. 4 Gas Us prebairored ovens ok Wk: eng iond, ond, Ov paulanin- noha Who wid, ee untb, 107p{cinerea a], {cinerea a], a REGULAR INCOME TAX: INCLUSIONS tn GROSS INCOME ITEMG OF GROGS INCOME * cas & Prod cotiqory piLoricio, e ey rere op co att items of vimeome wb wid vidual ‘ko kowcation , Romely: a tony ‘oath te domed urdu 2 fot WO atone bo ° nei. se taaantan 2 Srvom, Gubec ko ITEMS OF CROSS INCOME suBTECT a tubnonaottny of pullers TO REGULAR INCOME TAY Adunel conkvcctons tuys 0-8} ik undachie, aL nek Duiniked Lo tea ee etry OBL the Seemed oP en fulngeb to lon GAING FROM DEALINGS IN PRO- PERTIES * Aouwe ov gpa Of = AIT Orbinonyoatta COMPENSATION FOR SERVES ot osuka (N WHATEVER FORM PALO "thn thon domuntic # RIT abodks + Atak pro- + putouna do the duypie Of oe hak oal ah ie et at 9 INTEREST INCOME SUBTECT TO REGULAR on INCOME NOT INCLU OED Li PFP IN GROSS INCOME SUBSECT TO RE- GULAR INCOME TAX. EXEMPT INTEREST INCOME Qusinve watomt uxomel Wom 4. wannid by Londownina stv cia SLO Cian Landa do Thur be naata a. BMBE purtuant Lo The COmprrhinrawe ba a dasaanny ws wieoms ahah M0 2. umpuukicl unldsa WrcOne parcial bon aa nokia = wu yet to OPERA naouisud snd prit.- y? pnw, UA Ca Oneome —SPECIAL CONSIDERATION ON RENT 4. ObRigabione of tu feanor s a> ky Wuau= additionot ALALOL ULCOnL a: Adore nuateal a. Rhema of uncom Ab! ke be opptitd . a in pA | Ha mento Qh the Sod aay On tem of que LcOme ~ deawaty dugout ©. Ktossratd amprouemutla On Seoard propedy ? ROYALTIES » aul notunt . pasa aat aise ae my ar f DIVIDENDS sdartomad by Lotion = gir corporationa eageees Of Onnurty pouymecta parted autr paumanm por = RIT tn the yeow Of ALeLApe - PRIZES 4 WINNINGS + pome ule apphia ua Chaplin 5 Wik prayfe mow fron P10,000 wamed abvoad YA qubgek fo RIT Dt eo a 9 PENSIONS + adh db poila to mak He occur son outwias RIT BUSINES: paRTNERMHIP, JOINT ven TURES ¢ CO- OWNERSHIP un The PRIRC ARUN = Of Fura ko “Show from pankit oreo eet ears GENERAL CRI TERIA FoR 1- TEMS OF GROSS INCOME 1. nak aubyt to nat tay seg pAkob qouna tan, spuclat tray one ig sane ace 4OTHER SOURCES OF GROSC IN- COME SUBTECT TO RECULAR INCOME TAK iS FRRC FARMING INCOME + Uoaubiid aa: 1. Rows + cede - Prowucle - onimar roi- = ‘Aung Up a Purchane + peut Prof = Wak Ob. rons nik pen — a = pag * ORCOUL uneertonuy ented = "Growwea, o« calle bay pe + MOP gow baais, > Longe Ay + Quitatodk Unvanc = Of prope > konoult RECOVERIES OF PAST DEDUCTIONS BLF ARE TAX GENEFIT O. RiAebly-Archiction of oxo. URCOm a TAL 0: Anduiethly - Ardustion Of Loxakte SvCOMe, a aon Thamugh cOovy “Over Of nak aprrating Low we NOLLO tom Be drolyctra ty Qppoinak mak LinCOme ik THE pea quot REFUND OF NON -DEpUCTIGLE EXPENSES enok crake bow = nat, Srcladla aurea oe ‘Ome PEF Ss REIMBURSEMENT OF EXPENSES © additional come CANCELLATION OF INDEBTEDNESS 4. un vOondiclnortion Of = UvCOme la. a. opedanty afi = not Ascome 3. COpikal dnromoution= divided ACOML SPECIAL CONCIDERATIONS IN RE- PORTING OF GROSt INCOME ACES PO[ ceoct compencarion mcome tas | Lese: nen Trwapue compencerion C22 [rxaniz compmucarion on mean 2 a - sens + pth Hom ginan tion. atl Minima phenwed. Then Sonal compincotsicns A» MANDATORY DEDUCTIONS ~ 6515, 665, PHLWEALIN, HMO, UN? B. Exemer BENERITE Inemphid, vndin Wide § spacial Haw . @ weinphd. urdie taohy & ~ uke how Conk, cut. the Graal ooptemacts Pougatat. Cb the wnployn Nt @ Witisonay be Ha dreads, baoutas, raat sCabses Cordurt prctnrion of he anf yon ES whom aa virclineluol pir Jou ony cure Empfogee ~ nteigunt ob wacts @ fou. Lester th | abasor Sia Peete Thea Selo empte 1th angles ' a ALCOLUL offer Ob Govtrrnce’, QEXEMPTED BENEFM UNDER NIRC, AE PeUdcat subtiteona, te EM ESI NOT OY Spa eCA URGES TUS tae Oh CBee ummahiond Med os antidanle ELEMENTS OF EMPLOYER - EMPLOYEE Ob tmplenreint - seiner RELATIONSHIP Qe entries Cenahte roe 1s, Bietpde wou 1) Ondo © 600 dicn And tngagumtat of tingle aa fee + Catan Dinible OL minke we porgynzat Oh wager Lannins We of ad SL Pou Of Gee musoae DE MINIMIS BENEFITG 4. pour Ch Contet tulatuely amotio valus + ROL mombtict GU tenente * aictigin Rtg ange Linuula uatmptid pom dud contract for prcesien op st . NL SX : ween atutud 46 te Sellowrng ° sux ge ack wesplgea: Meat DncLeAR= ue a ~ tonsutbonk . UAL fo managimnt < rae jorcuien: Uainde ond altict ox hr ae oe Ge bucantes /prcuse rand wveoms 7 RnOUL vo due Banatete nat lode TYPES OF EMPLOYEES Ac TD FUNCTION we ts ask A. managuriat inploytte - axreuth TREATMENT OF TAXABLE DE mW mie meals 4 aatLons A. Rank aad (LL wumplouue = a & Ke We = ALeOMnLnol UNG "ISH monte pay Sad elu Gone managuiat actions ye . iy 3 Roak dad file cnuithy, be Mandagatad. [pOptunaoNy emptouses = i ie te ere AS JO TAXABILITY BO hal tay 2. maim He LOARIL = x emeLC COMMUTATION OF #4 2 Buayslaw B - pregusow bn oF NCCUMULATED Lenve MINIMUM WACE EARNER satiamunal owt pay dit be wok + Motto muirimun wage Say Hpowation . $1000 | month ee RO Longe akimetid uct b 0,000 J you - Soe ~whehante Le aights Se awe eatwos @Penerns exempt CENTOS TION en se” UNDER TREATY oR. MPENEAHON) comet OF TAXABLE INTERNATIONAL ENGACEMENTS Sears! Weome “gimetows banhite of won Filipuo n0- 4. Rroutan tom con ~jined, umn AROMA Onch [or non prrmanant Waideabe Woes "foupatt pando Ls F Aromat prom uicome toy saree cor - O&K WITHHOLDING TAX EXEMPTION # INCOME fufoumarce-basid faye wl ox oto weet va TE EXEM prion tol th paupatt titod. sbaaaisa ) dplonois mirsion ond inde cea tions = unmans” tonpelanion wip mpi Robfand oN edhe ae Batt ne loge he ; oi “oat Oh witunationos to Upeage oed a ealnee a te eta te ageieg ancy wom ont to ed by Oe von neeuung COMPENSATION INCOME | “Sasa eee Regt ale | ad el et Seteaiman os Sth teng-hauh uel Objawsa “‘Dimaron (TAD) = fowl q the a | EMPLOYEES OF PH EMBASSIES OR CONcU- EXCEPTION RULE ON TAXABILITY © | LATE OFFICES ALLOWANCES "nak ondidtatd Ot non ntaidente = 4. Ovdanony d citounnate, fer HUbopee KO PR UACOML chon vawelard , n “ow, £ i ‘+ mink, Sate bth Li the, punawt SUMMARY OF RULES of the 2 1 oe Forzicn | PH emenwy | _— Proyenren (TEr) : EMernssy.mi- | oR concucne | & Mubgek 48 actOunting o Uquidation ae Ssions [ORSE Ornce 3 SKU acluonera Ont do the PHILLPRINE anployte + FILIPINO. TAXABLE - ¥ yonidhls + Mouidatrd allowances = + ALIENC Exemer r= s ae ae an smployee = ABROAD cOnaidiud Compenaation, + FILIPINO EXEMPT TAXABLE + paid vacation and ack Drowee olloucre exe mer i + ALIENS EXEMPT ant, poxr of hu ntqulor, sotoay = negro © BENEFMS NECESSARY Te THE TRADE, ae BHSINESS OR CONDUCT OF PROFESSION NON ~COMPENCATION (TEMS é OF THE EMPLOYER LHL > Oh conauthons, bltate ¢ duisthow jo mana purction o", 5 a 4 gern 2 nek oncoe Cio ped uncut | 2 Lemmas £0, nex umpbogae poddh ‘Hiaau ea than dutiig, 2 TPR OA qoduidrie -" ventions" © nok fue thy ow VALUATION OF COMPENSATION PAID IN, mur aciroretd ov manta ono Oh vonsidinobiOn Meswed, whot one suppord Lat hea, ma cuy shonia, FU of ak dake, source. on ed pardurclta 0 POM FORTE NAIM yl PEGA + ouabime, otic Moya “ Sales = nae rind Tacs Fay Hak feed fae compan ax neh AU a Conaymption ~~ PACE Whine My tne jones a Th anclagle ons omoluninte,¢ honovaviey do daaanl He WO abimal oonmal epretou : ox puute "= folly muarneas alin poy Kaak. wxpanar Ord porriadly tarufle + duewioy quanti ov etal“Akeck epion - ® Fryar “WRU Ob the Option ui the dicount af AsiALND. orwe " ae wrtnuieidodt Cronk pcs recuse po oie fore psa BN)» Vompsrsordion in nce = benntie a tales quabhicd oa : 4 ou ee gee do YS! Wino Rinttata aub- Chuihevon att Be ee, ae TREATMENT OF THE SUBSEQUENT SALE OF SHARES D. Cow obs, 1 1 a the wh O» Romuatir Corporain v: O.ditionaL Lompineation, Ree. GOL oh kof OH hs moc pay = Old randy Kensie by sa? tha Pusonal dupentse Houde Bote ae NM 8 to i cate Siting proce” Meese) Loat ok mont PROFIT CHARING oR TAXABLE BONUS * Bonar, “omand ont suplaantal, ox aditional Fonoblie Oe minima: Ano Ld uw The Gad peat “of managnias. enc fda one Ok TAX TREATMENT OF 13TH MONTH PAY AND OTHER contre * saa, ey Send oe eral F40,000 = yuetta of P40,000 = sh ee a ee A aad, © nt td bo produchuihy uncia, pandixte ovr OX comps oe, na ae nov “RES cuahot ons de sce Wok espeneaiion ad PROFIT SHARING oe PRODUCTIVITY INCEN- eoeietting toy ue nb on mebuaron l, TWE Bonus Lis scone, bosad on cok eS ea ot fi 13TH MONTH PAY AWD OTHER BENEFITS Spee fa re + Ps000 eee moni Rody + Ohi a casera BONUS 4 CHRETMAS Girt : Gxt “based , non eee co the semploggr + Cadentti dno upon. th Ae ag + Unuilmoas bane > ggunnnaas > ee = atime A sone but, ¢ prog Ro ke yon” ad . ‘= = NGS wads, ok, sone oe. Ww mM ae -_ pean IN INCOME TAX RETURN GROSS COMPENCATION Income. LEES ENON” TAXABLE coMAENSHTON come —™ MANDATORY DEDUCTIONS . enn ae ey TAXABLE COMPENSATION INCOME ame INCOME TAX DYE FORMAT LESS: LOWER Limit. x) xx el - won, Bn INCOME “TAX DUE. xx FRINGE BENEFIT TAX ON MANAGERIAL, OR SUPERVISORY EMPLOYEES SHE ro Qpomed -uP AGL Sou, ooh TAXABILITY OF MINIMUM WACE EARNER, + Boaie minim eA. lwtsahita CHRONO” : zy HHaxovd, Svertima , oye al. $04+ minimum wacom mn a tera Son ts oe xo vannaosian Aubyth to tome i ak Sean paenrenomas 4 MWE wake OK eons compen Bodion - Rahat urooddl por he gots comptraa.tion durom (49. fees showing, Wore, Cormmasaron am = wildy buoras Wreome— addi TREATMENT OF COLA OF MWEs pow. of He naw nods eAeoniande $0, b he eal mie spin Tom — ceRrificaTe oF Nee "a Cece oad t oa AupovodL e L tonnnd oav Wungiad DEADLINE OF FILING 4 REMITTANCE OF THE WITHHOLDING TAX ON COMPENSATION roRM NAME OF TORM pug +BIg FORM MONTHLY REMI- loth OAT wor-& TTANCE RETURN oF FF mont OF INC. TAXES WITH? wert! WELD oN COMPENSATION # Queumb wElRld 7 dae + for 1g ner ys + Bie FORM ANNUAL INFOR- gan gt TO” Ieo#-OF — NaTion RETURN Lrowine THE OF INCOME TAXES CALENDAR WITHHELO ON COM” yerk PENSATION AND FINAL WITHHHOL ING TAKES SHALL BE CompeNcaTion PaY- FURNISHED MENT OR INCOME ON OR BEM TAXES WITHHELD For JAH 3). PROCEDURAL COMPUTATION OF THE WMt PENALTIES FOR NON- COMPLIANCE HOLDING TAX ON COMPENSATION “nome Chophr 4 1. RutLumene monttoy ¢ non monutany 6 TREATMENT OF WITHHOLDING TAX ON a. Quitamine the baockst + bowie, fax for the wockst 3. Odd Hupplomental : Lay Hixon Of the con aa oh the ko UMA FORMAT FOR NET PAYROLL REGULAR compensanen!/ xx “Gacus COMPENSATION guppreMeNTaL compensaTron xx ToTAL COMPENSATION a Lets: MANDATORY DioveTION! =— (xx) NYON-TAKABLE BENEFITS (x4) TAXABLE COMPENSATION xx Less: WITHHOLDING Tax ON Gx) COMPENSATION a) NET PAYROLL DUE ax FORMAT FOR WITHHOLDING TAX ON COMPENSATION + pike, 30 og By guad. nan sd ie hide tupplunadioly compuwo. on So th, shes COMPENSATION s employ = obhny skuma of income thors one tubal 28 senyuton sabre, G nw muat ple coractidalect uaveome Seo nature * Canpunant capa