Is performance based bonus (PBB) taxable? Any RR to support this matter? Tnx!Is performance based bonus (PBB) taxable? Any RR to support this matter? Tnx!
GABOTAF
Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
Taxable po lahat. Only those stated in RRs na NOT taxable, Ang Hindi taxable.
Benefits and bonuses not expressly exempted by law (like pbb) are taxable in excess of Php90k.
Yes if assuming mid year plus year end plus pbb is more than 90k taxable po yung excess
If in excess with the threshold of PhP90k per year for bonuses. Read about the TRAIN law .