EMPLOYEE’S WITHHOLDING TAX AND ?FRINGE BENEFITS TAX STRATEGIES

MasterClass 3.0

Employee’s Withholding Tax and ?Fringe Benefits Tax Strategies

Atty. Nelson S. Gargoles, CPA
Founder, Gargoles Law Office
Business Coach and Tax Consultant

Wednesday, May 19, 2021
9:00 AM – 12:00 NN PHT

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8832-9901 | 8835-9354
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View the complete details: https://www.ariva.com.ph/2021-e-learning-employee-withholding-tax/
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Webinar Description:

In the operation of withholding tax system on compensation, the withholding agent is the employer. Fringe Benefits Tax is also imposed on the fringe benefit furnished, granted or paid by the employer to the employee, except rank and file employees The BIR requires the employer as withholding agent to remit the proper withholding taxes on compensation or fringe benefits otherwise, deficiency taxes and penalties may arise.

De Minimis Benefits are included so that the taxpayer will know the tax exempt benefits of the employees. Knowledge of the tax laws, rules and regulations on the taxation of employee’s compensation and fringe benefits are significant so that the company may balance its role as an employer and as withholding agent.
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Webinar Objectives:

The specific objectives of this unique fun-filled online learning experience are:

• To know the procedure in employee’s registration and updates with the BIR;
• To know the component or composition of Gross Compensation;
• To learn about the De Minimis Benefits;
• To know the Personal Exemptions of Employees;
• To know the rules of Fringe Benefits Tax; and
• To know the manner, procedure and filing of tax returns and information with regards to Withholding tax on wages and Fringe Benefits Tax.
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Webinar Outline

Session 1: Taxation of Employees

Session 2: Registration Process of Employee

Session 3: Registration Updates

Session 4: Gross Compensation

Session 5: De Minimis Benefits

Session 6: Person and Additional Exemptions

Session 7: Person Responsible to Withhold

Session 8: Time of Withholding

Session 9: Calculating Withholding Tax

Session 10: Annualization of Withholding Tax on Employees

Session 11: BIR Form 1601C

Session 12: BIR Form 1604CF

Session 13: BIR Form 2316

Session 14: Withholding Tax Violations

Session 15: Fringe Benefits Tax