BIR to Impose Taxes on 13th-Month Pay Exceeding P30,000
The Bureau of Internal Revenue Commissioner Kim Henares clarified on Thursday, Deceember 12, 2013, that the law that taxes benefits and perks, including the 13th-month pay exceeding P30,000, is applied to all Philippine employees in a report by Inquirer.net. The BIR Commissioner made the clarification in response to the pronouncement made by the Confederations for … Read more
