Amendments on withholding tax for compensation

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Republic Act No. 7497: Amendments on withholding tax for compensation

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Title Source: Supreme Court: Amendments on withholding tax for compensation

Law: Republic Act No. 7497

Decision Date: May 15, 1992

The Philippine law, Republic Act No. 7497, enhances the tax system by requiring employers to deduct and withhold taxes on compensation income, introducing amendments to the National Internal Revenue Code regarding income tax computation, exemptions, filing requirements, and penalties for non-compliance.

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