RCL - Annualized Withholding Tax
RCL - Annualized Withholding Tax
RCL - Annualized Withholding Tax
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2. Minimum Wage Earners receivingother income, such as income from theconduct of trade, business or practice ofprofession, except income subject to finaltax, in addition to compensation incomeARE NOT EXEMPTED from income tax for theentire earnings.This rule, notwithstanding, the SMV, Holidaypay, Overtime Pay, Night shift differentialpay and hazard pay shall still be exemptfrom withholding tax.___________________________________________________________6
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