Tax rules on director's fees

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BIR REVENUE MEMORANDUM CIRCULAR NO. 34-2008: Tax rules on director's fees

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Title Source: Supreme Court: Tax rules on director's fees

Law: Bir Revenue Memorandum Circular No. 34-2008

Decision Date: Apr 15, 2008

Director's fees are taxable as compensation income for corporate employees, while non-employee directors face different tax treatments, including a 10% or 15% withholding tax and potential business tax liabilities.

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