This lecture was made for my students in Tax 1 (Income Taxation) and was originally uploaded as unlisted. But this could help CPA Reviewees and Accountancy Students as well, hence now it's public. Feel free to watch it and maybe you can learn a few things from it.
Sources and references:
National Internal Revenue Code of 1997 as amended by the TRAIN Law
BIR Revenue Regulations
Income Taxation by Sir Rex Bangawan
CORRECTION:
De minimis benefits #3 Medical cash allowance to dependents of employees. Threshold: 1500 per sem or 250 per month (TRAIN Law)
DISCLAIMER:
I haven't discussed the distinction between Rank and File and Managerial Employee.
Негізгі бет Exclusions of Gross Income III
Пікірлер