TRUE OR FALSE 1. If the managerial or supervisory employee is a non-resident alien not engaged in trade or business, the
Posted: Thu Apr 28, 2022 10:35 am
TRUE OR FALSE
1. If the managerial or supervisory employee is a non-resident
alien not engaged in trade or business, the fringe benefit tax rate
is 35%.
2. De minimis benefits received by managerial, supervisory
and rank-and-file employees are exempted from fringe benefit tax
and ordinary income tax.
3. In fringe benefit tax, it is the responsibility of the
employee to withhold the tax from the earned fringe benefit and to
remit the same to the BIR.
4. The 8% income tax is in lieu of the income tax using
graduated rates and the 12% VAT.
5. Dividends received by a resident alien from a foreign
corporation are subject to 10% final tax.
1. If the managerial or supervisory employee is a non-resident
alien not engaged in trade or business, the fringe benefit tax rate
is 35%.
2. De minimis benefits received by managerial, supervisory
and rank-and-file employees are exempted from fringe benefit tax
and ordinary income tax.
3. In fringe benefit tax, it is the responsibility of the
employee to withhold the tax from the earned fringe benefit and to
remit the same to the BIR.
4. The 8% income tax is in lieu of the income tax using
graduated rates and the 12% VAT.
5. Dividends received by a resident alien from a foreign
corporation are subject to 10% final tax.