Title II — TAX ON INCOME
(2) determine the amount to be deducted and withheld upon each
payment of wages to such employee during such quarter as if the
appropriate average of the wages so estimated constituted the actual
wages paid; and
(3) deduct and withhold upon any payment of wages to such employee
during such quarter such amount as may be required to be deducted
and withheld during such quarter without regard to this Subsection.
(E)
Nonresident Aliens. — Wages paid to nonresident alien individuals
engaged in trade or business in the Philippines shall be subject to the
provisions of this Chapter.
(F)
Year-end Adjustment. — On or before the end of the calendar year but
prior to the payment of the compensation for the last payroll period, the
employer shall determine the tax due from each employee on taxable
compensation income for the entire taxable year in accordance with
Section 24(A). The difference between the tax due from the employee for
the entire year and the sum of taxes withheld from January to November
shall either be withheld from his salary in December of the current
calendar year or refunded to the employee not later than January 25 of
the succeeding year.
SEC. 80. Liability for Tax. —
(A)
Employer. — The employer shall be liable for the withholding and
remittance of the correct amount of tax required to be deducted and
withheld under this Chapter. If the employer fails to withhold and remit
the correct amount of tax as required to be withheld under the provision
of this Chapter, such tax shall be collected from the employer together
with the penalties or additions to the tax otherwise applicable in respect
to such failure to withhold and remit.
(B)
Employee. — Where an employee fails or refuses to file the withholding
exemption certificate or willfully supplies false or inaccurate information
thereunder, the tax otherwise required to be withheld by the employer
shall be collected from him including penalties or additions to the tax
from the due date of remittance until the date of payment. On the other
hand, excess taxes withheld made by the employer due to:
(1) failure or refusal to file the withholding exemption certificate; or
(2) false and inaccurate information shall not be refunded to the
employee but shall be forfeited in favor of the Government.
SEC. 81. Filing of Return and Payment of Taxes Withheld. — Except as the
Commissioner otherwise permits, taxes deducted and withheld by the employer
National Internal Revenue Code of 1997 (as amended by the TRAIN Law, RAs 11256, 11346 and 11467)
97
Seleccionar párrafo de destino3
Conectar a un párrafo
Connect to an entity
Disable highlights
Añadir a la tabla de contenidos