Taxability of Director's Fees for VAT Purposes

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BIR REVENUE MEMORANDUM CIRCULAR NO. 77-2008: Taxability of Director's Fees for VAT Purposes

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Title Supreme Court: Taxability of Director's Fees for VAT Purposes

Law: Bir Revenue Memorandum Circular No. 77-2008

Decision Date: Nov 24, 2008

The Bureau of Internal Revenue clarifies that directors who are not employees of their corporations are exempt from the 12% VAT and 3% percentage tax on fees, per diems, and allowances, as these payments are not considered income derived from a commercial activity.

taxability

director

s fees

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