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Clear definition of fringe benefits under revenue regulations 3-98 section b thereof 2.33,
fringe benefits may include good service or other benefit furnished or granted by an
employer in cash or in kind. In addition to basic salaries to an individual employee except
rank and file employees. Basic salaries to managers and supervisors are subject to fringe
benefits tax under section under section 33. And shall form part of the gross compensation
income not subject to these fringe benefit tax.
Fringe benefits received by rank and file employees according to the tax author are exempt
from income tax.
c. Section 33c item 3 thereof, the following fringe benefits are not taxable under this section.
Benefits given to rank and file employees whether granted in CBA or not, fringe benefits
received by rank and file employee are not subject to these final tax impose under section
33a. To the rank and file employees that should be treated as part of their gross income
subject to 5-32%.