Accounting 101 - GABOTAF

Category Accounting 101

Accounting 101, Featured Articles

DTE: A Quick Comprehensive Guide to the Grant of Daily Travel Expenses (DTE) under EO 77

Legal Basis This guide is based on Executive Order No. 77 — Prescribing Rules and Regulations and Rates of Expenses and Allowances for Official Local and Foreign Travels of Government Personnel Applicability This guide is applicable to the following: What…

GABOTAF
4 Aug 2022
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Accounting 101

12 NON-TAXABLE COMPENSATION INCOME OF GOVERNMENT EMPLOYEES THAT EVERY ACCOUNTANT SHOULD KNOW TO AVOID COMMITTING ERRORS IN THE COMPUTATION OF THEIR INCOME TAX

[ad_1] 1. Thirteenth (13th) Month Pay (Year-End Bonus) and Other Benefits not exceeding Ninety Thousand Pesos (P90,000.00) paid or accrued during the year. Any amount exceeding Ninety Thousand Pesos (P90,000.00) are taxable compensation. 2. Facilities and privileges of relatively small…

GABOTAF
5 May 2021