Homehow much withholdibg tax should be deducted if a company and employee decides to settle a labor dispute already filed in NlLRC?
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Tax for labor dispute settlement
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2 Re: Tax for labor dispute settlement Wed Nov 19, 2014 9:23 am
council
Reclusion Perpetua
Jigger wrote:how much withholdibg tax should be deducted if a company and employee decides to settle a labor dispute already filed in NlLRC?
Regular rate, depending on amount you receive, since it is still part of your income.
If it is not taxed, you are obliged to report the same income to your next employer for proper taxation.
3 Re: Tax for labor dispute settlement Wed Nov 19, 2014 9:33 am
Jigger
Arresto Menor
Can the RMC 39-2012 be applicable? it requires 5% only instead of the regular 32%
4 Re: Tax for labor dispute settlement Wed Nov 19, 2014 10:45 am
council
Reclusion Perpetua
This is for garnishees such as banks and others who hold assets of the employee which will be used to pay the employer.
Any amount received by the employee should still be taxed accordingly.
Any amount received by the employee should still be taxed accordingly.
5 Re: Tax for labor dispute settlement Wed Nov 19, 2014 10:51 am
Jigger
Arresto Menor
Thank you so much for the advice
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