1. WITHHOLDING TAX ON COMPENSATION
(Revenue Regulations No. 2-98, as amended)
Presented by:
MS. LILYBETH A. GANER, CPA, MBA
Revenue Officer
Assessment Division

2. Compensation Income Defined
Compensation means all remuneration for services performed by an employee for his employer under an employee-employer relationship unless exempted by the Code.

3. Exemptions (cont…)
Remunerations received as an incident of employment, as follows:
(a) Retirement benefits received under RA No and under a reasonable private benefit plan
(b) Benefits received due to death, sickness or other physical disability or for any cause beyond the control of the said official or employee

4. Exemptions (cont…)
(c) Social security benefits, retirement gratuities, pensions and other similar benefits received by residents, non-resident citizens and resident aliens

5. Exemptions (cont…)
(d) Payments of benefits due or to become due to any
person residing in the Philippines under the
law of the United States administered by the
United States Veterans Administration;
(e) Payments of benefits made under the Social
Security System Act of 1945, as amended; and
(f) Benefits received from the GSIS Act of 1937, as
amended, and the retirement gratuity received by
government officials and employees.

6. Exemptions (cont…) 2. Remuneration paid for agricultural labor.
3. Remuneration for casual labor not in the
course of an employer’s trade or business.
4. Compensation for services by a citizen or
resident of the Philippines for a foreign
government or an international organization.

7. Exemptions (cont…) 5. Damages 6. Life insurance return of premium
7. Amount received by the insured as a
return of premium
8. Compensation for injuries or sickness
9. Income exempt under treaty

8. Exemptions (cont…)
10. Remuneration for domestic services 11. GSIS, SSS, Medicare and other contributions (HDMF and Union Dues)

9. Exemptions (cont…)
12. Thirteenth(13th) Month Pay and Other Benefits not exceeding P 30,000
Other Benefits such as
Christmas bonus
Productivity
Loyalty Award
Gifts in cash or in kind
Other benefits of similar nature
Excess over the prescribed ceiling of the “de minimis benefits”

10. Exemptions (cont…)
13. Compensation income of MWEs who work in the private sector and being paid the Statutory Minimum Wage applicable to
the place where he is assigned.

11. Latest Minimum Wage per RR 5-2011
in Region XI :
P – Non-Agricultural Sector
P – Agricultural Sector
(effective January, 2012; Additional P5.00 on May 1)

12. The following compensation received by minimum wage earners shall likewise be exempt from income tax:
holiday pay
overtime pay
night shift differential pay
hazard pay

13. Exemptions (cont…)
(14) Compensation income of employees in the public sector with compensation income of not more than the SMW in the non-agricultural sector, as fixed by RTWPB/NWPC, applicable to the place where he is assigned.

14. Take note!
An employee who receives additional compensation other than SMW, holiday pay, overtime, hazard pay, and night shift differential pay such as:
Commissions
Honoraria
Fringe benefits
Taxable allowances
And other taxable income
shall not enjoy the privilege of being a MWE.
Such as commissions, honoraria, fringe benefits, benefits in excess of the allowable statutory amount of P30,000, taxable allowances and other taxable income shall not enjoy these benefits and therefore his entire earnings are not exempt from IT and consequently to wt

15. Hazard Pay the amount paid by the employer to MWEs
Actually assigned to danger or strife-torn areas
Disease-infested places
Distressed or isolated stations and camps
which exposed them to great danger or contagion or peril to life
Any hazard pay paid to MWEs which does not satisfy the above criteria is deemed subject to IT and consequently to WT.

16. DE MINIMIS BENEFITS (As amended by RR 5-2011)
a.) Monetized unused vacation leave credits of private
employees not exceeding 10 days during the year;
b.) Monetized value of vacation and sick leave credits
paid to government officials and employees;
c.) Medical cash allowance to dependents of employees,
not exceeding p750 per employee per semester or
P125/month

17. DE MINIMIS BENEFITS
d) Rice subsidy of P1,500 or 1 sack of 50 kg rice per
month amounting to not more than P 1,500;
e.) Uniform and clothing allowance not exceeding
P4,000/ annum;
f.) Actual medical assistance, e.g. medical allowance to
cover medical and healthcare needs, annual
medical/executive check-up, maternity assistance,
and routine consultations, not exceeding P10,000
per annum;

18. DE MINIMIS BENEFITS g.) Laundry allowance not exceeding P300 per month
h.) Employees achievement awards,
e.g., for length of service or safety achievement,
which must be in the form of tangible personal
property other than cash or gift certificate, with an annual monetary value not exceeding P10,000
received by the employee under an established
written plan which does not discriminate in favor of highly paid employees;

19. DE MINIMIS BENEFITS
i.) Gifts given during Christmas and major anniversary celebrations not exceeding P5,000 per employee per annum;
j.) Daily meal allowance for overtime work and night/graveyard shift not exceeding 25% of basic minimum wage on a per region basis.

20. DE MINIMIS Rules
“DE MINIMIS BENEFITS” conforming to the ceiling shall not be considered in determining the P 30,000
the excess over the respective ceilings shall be considered as part of the “other benefits” and the employee receiving it will be subject to tax only on the excess over the P30,000.

21. Sec. 4. Sec 2.79.1 Application for individuals Earning Compensation Income (Form1902)
the application for registration should be accomplished by both employer and employee relating to the following:

22. (A)Employee: Name/TIN, address & more as indicated in form 1902
Status– single, married, others
If married:
Status of spouse - name/TIN
- employed, abroad, ETB, unemployed
Qualified dependents
Name, date of birth of QDC

23. Claimant of exemption for QDC
Husband, wife if Husband is
unemployed
NRC, income from foreign sources
WAIVES HIS RIG HT TO CLAIM EXEMPTION for all children and attach the sworn declaration to his and that of his wife’s

24. Required forms and attachments:
birth certificate
marriage contract if married
birth certificate of QDC certified by Local Civil Registry/ NSO ( if not applicable, any doc. issued by a gov’t office)
certificate of employment if Husband works abroad

25. sworn declaration and waiver of right to claim
sworn declaration and waiver of right to claim exemptions of QDC ( Annex “F” )
medical cert of QDC, if incapacitated
court decision of legally adopted children
death certificate
other documentary evidence

26. Concurrent multiple employments:
Shall file 1902 to his primary employer and furnish copy to his secondary employer/s
Successive multiple employment:
furnish his new employer with form 2305 (Cert. of Update of Exemption and of Employer’s and Employee’s Information)
previous employer’s name, address, TIN And date of separation
attach form 2316 (Cert. of compensation payment/ tax withheld) for compensation payment with or without w/holding tax for the CY issued by prev. employers.

27. Mixed Income (B) EMPLOYER:
Individual with mixed income shall first deduct the allowable personal and add’l exemptions from compensation income, only the excess there from can be deducted from business/prof. income
(B) EMPLOYER:
accepts the 1902 filed by the new hired, indicate the date of receipt, accomplish part V (employer’s name, add, TIN, and other relevant infos.)

28. Procedures for filing 1902:.-
Employee shall file w/in 10 days upon employment
1902 (triplicate)
2305
(w/in 10 days after change of status)
RDO
(w/in 30 days after receipt)

29. Employer: review , compute, withheld & apply exemptions
Duplicate –
Employer
Original - RDO
Triplicate –
Employee
Employer: review , compute, withheld & apply exemptions
File copy
File copy

30. In case the husband waives his right to exemption:
H-Accomplish “Annex F”
1902
3 copies
W- employer:
Deduct on the mo H- employer Stopped deducting
Employer of H- acknowledge
Original- W’s employer
Triplicate-
employee
Stop deducting
Duplicate
H-employer

31. Failure to file 1902:
Zero exemption shall be applied based on the revised withholding tax table
Failure to file 2305:
employer shall withhold based on reported personal exemptions existing prior to change

32. Salient Features Sec. 22 Definition
‘statutory minimum wage’ shall refer to the rate fixed by the Regional Tripartite Wage and Productivity Board, as defined by the Bureau of Labor and Employment Statistics (BLES) of the Department of Labor and Employment (DOLE).

33. Computation of wages
The basis of the computation of the minimum wage rates prescribed by law shall be the normal working hours – not more than 8 hours a day.
The computation of wages shall be in accordance with the Collective Bargaining Agreement (CBA), if any or the provisions of the Labor Code as implemented

34. FACTOR OR NUMBER OF WORKING/PAID DAYS IN A YEAR

35. 1. For those who do not work and are not considered paid on Saturdays and Sundays or rest day
Equivalent Monthly Rate (EMR) =
Applicable Daily Wage Rate (ADR) x 261 days
12 months
Where 261 days
247- ordinary working days
11- regular holidays
3- Special days
261- Total number of days/year
Example: P MWE
in Region XI
Equivalent Monthly Rate=
P x 261 days
P 6,329.25

36. 2. For those who do not work and are not considered paid on Sundays or rest day
Equivalent Monthly Rate (EMR) =
Applicable Daily Wage Rate (ADR) x 313 days
12 months
Where 313 days
299- ordinary working days
11- regular holidays
3- Special days
313- Total number of days/year
Example: P MWE
in Region XI
Equivalent Monthy Rate=
P x 313 days
P 7,

37. 3. For those who do not work but are considered paid on rest days, special days and regular holidays
Equivalent Monthly Rate (EMR) =
Applicable Daily Wage Rate (ADR) x 365 days
12 months
Where 365 days
299- ordinary working days
11- regular holidays
52 – Sunday/Rest days
3- Special days
365- Total number of days/year
Example: P MWE
in Region XI
Equivalent Monthy Rate=
P x 365 days
P 8,851.25

38. 4. For those who are required to work everyday including Sundays or rest day, special days & regular holidays:
Equivalent Monthly Rate (EMR) =
Applicable Daily Wage Rate (ADR) x 261 days
12 months
Where days
ordinary working days
regular holidays
rest days x 130%
Special days
Total number of days/year
Example: P MWE
in Region XI
Equivalent Monthly Rate=
P x days
P 9,518.13

39. Sec. 2.79. (B) Computation of Withholding tax Withholding tax table
(a) Old table (effective January 1, 2006)
- January 1 to July 5, 2008
(b) Revised Transitory Withholding tax Table
- July 6 to December 31, 2008
(c) Revised Withholding tax Table
- January 1, 2009 & beyond

40. Use of WTax Table
Four Tables for monthly, semi-monthly, weekly, and daily
Each tax table is grouped into Tables A and B
A for employees with no QDC
B for employees with QDC
1st column – exemption status
2nd column – amount of exemption in pesos
Columns 1 to 8 – reflect the portion of the amount of taxes
Z – for zero exemption
S – single
ME – married employee
Numerals – 1 to 4 represents the number of dependents

41. Steps to determine the amount of tax to be withheld
Determine the total monetary and non-monetary compensation.
-13th month pay
-Productivity incentives
-Christmas Bonus
-other benefits
-GSIS/SSS etc
Segregate the taxable from non-taxable compensation income paid to an employee for the payroll period.
-P30,000 ceiling
-non-taxable retirement benefits / separation pay

42. Steps to determine the amount of tax to be withheld
(3.)Segregate the taxable compensation income determined in step 2 into regular taxable compensation income and supplementary compensation. Regular compensation – basic salary, fixed allowances for representation, transportation and other allowances Supplementary compensation – commission, overtime pay, taxable retirement pay, taxable bonus and other taxable benefits

43. Steps……..
(4) Use the appropriate tables
(5) Fix the compensation level using the regular compensation income.
(6) Compute the withholding tax due.

44. Right to claim WT exemption
An employee receiving compensation income shall be entitled to w/tax exemptions, provided he/she must file
1902 – Application for registration
2305 – Cert.of Update of Exemption and of Employer’s and Employee’s Information

45. PERSONAL AND ADDITIONAL EXEMPTION
Single ,000
Married ,000
Qualified dependent child ,000

46. On exemptions
Every employer should ascertain whether or not a child being claimed is a qualified dependent
If TP should have additional exemption during the taxable year, he may claim the corresponding additional exemption in full for such year
If the TP dies during the taxable year, the estate may claim the full exemptions as if he died at the close of the year

47. On exemptions
TP may still claim full exemptions during the taxable year on the following cases:
Spouse or any of the dependent dies
Any of such dependents marries
Becomes 21 y.o.
Becomes gainfully employed
As if it occurred at the close of such year

48. Illustration
Mr. Sy, single with no dependent receives P12,000(net of SSS/GSIS, PHIC, HDMF employee share only) as monthly regular compensation and P5,000 as supplementary compensation for January, 2011 or a total of P17,000.
Compute for the Withholding tax for Jan

49. Computation Regular compensation P 12,000.00
Less : compensation level(line A-2 column 5) ,000.00
Excess ,000.00
Add: Supplementary compensation , ,000.00
Tax on P10,
Tax on excess (P7,000 x 20%) ,400.00
Withholding tax for Jan P 2,108.33

50. Applicable Wtax Table
Monthly 1 2 3 4 5 6 7 8
Exemption
Status
0.00
0% over
+5%
41.67
+10%
over
208.33
+15% over
708.33
+20% over
1,875
4,166.67
10,416.67
A. Table for employees without qualified dependent
1. Z
0.0
833
2,500
5,833
11,667
20,833
41,667
2.S/ME 50
4,167
5,000
6,667
10,000
15,833
25,000
45,833

51. Let’s Check: Withholding tax – Jan. 2011 = P 2,108.33
Withholding Tax (Feb.- Dec.11) 1, x ,191.63
Total P14,299.66
Gross Income P149,000.00
Exemption – Single ,000.00
Taxable Income P 99,000.00
Tax due P 14,300.00

52. Tax Table But not Of excess Over over Amount rate Not over 10,000.00
But not
Of excess
Over
over
Amount rate
Not over
10,000.00 5%
30,000.00
P %
70,000.00
2, %
140,000.00
8, %
250,000.00
22, %
500,000.00
50, %
125, %

53. Illustration: For the month of January 2011, Mrs. A, married with one
qualified dependent child, with basic salary equivalent to the SMW, receives P 7, (P 286/day x 313 days/ 12) as statutory monthly minimum wage plus other compensation such as:
Commission……………… P 10,000
Transportation allowance… ,000
Hazard Pay………………… ,000
Overtime…………………… ,000
Night shift differential…… ,000

54. Computation: Statutory Minimum Wage P 7,460.00 Gross Benefits
Hazard pay P 1,000.00
Overtime ,000.00
Night Shift Differential 2, ,000.00
Sub-total P 15,460.00
Taxable compensation
commission* P 10,000.00
Transportation* , ,000.00
Total Taxable Compensation Income P 27,460.00
Regular compensation P ,460.00
Less: Compensation Level (B-1 col3) ,083.00
Excess P
Add: Supplementary compensation(8,000+12,000) ,000.00
Total P ,377.00

55. Continuation…..
Tax on P7,083 (Line B1, col. 3) P
Tax on excess (P20,377 x 10%) ,037.70
Withholding tax – January P 2,079.37
*An employee who receives compensation other than SMW, OT, NS differential, HPay shall no longer enjoy the privilege of being a minimum wage earner, and his entire earnings are no longer considered exempt.

56. ILLUSTRATIVE PROBLEM
For taxable year 2010, WTD Service Company employed Mr. J, married with two qualified dependent children. He received the following compensation for the year:
Basic Monthly Salary P 45,000.00
Overtime Pay for Nov ,000.00
Thirteenth Month Pay ,000.00
Other Benefits ,000.00
Withholding Tax ,082.00

57. COMPUTATION:
Received
Non-
For the Year
Taxable
Basic Salary (P45K x 12)
540,000.00
Overtime (Nov.)
5,000.00
13th Month Pay
45,000.00
30,000.00
15,000.00
Other Benefits
12,000.00
Totals
602,000.00
572,000.00
Total Gross Compensation
Less:Personal exemption
50,000.00
Additional exemption (2 x P25k)
100,000.00
Net Taxable Compensation
472,000.00
Tax Due (using the Income Tax Table)
116,600.00
Less: Tax Withheld from previous months(Jan-Nov)
98,082.27
Tax to be collected in Dec 2010
18,517.73

58. Liability for Tax Employer
Responsible for withholding and remittance of correct amount of tax
Employee
Responsible for submission of 1902 / 2305

59. Statements and Returns
BIR Form 2316
Employer shall furnish the employees NLT Jan. 31
Failure to furnish shall be a ground for mandatory audit upon verified complaint of the payee
It shall include the fringe benefits given to rank & file employees
Employers of MWEs are still required to issue BIR Form 2316 (June 2008 Encs version)
It shall indicate the health &/or hosp. insurance, if any
The amount of SMW, OT, Holiday pay, Night diff, and hazard pay shall be indicated
Among others

60. Statements and Returns
Form 2316 cont….
It shall be signed by both the employer’s authorized representative and the employee
Shall contain a written declaration that it is made under the penalties of perjury
Shall contain a certification that the employer’s filing of BIR Form 1604-CF shall be considered as substituted filing
The employer shall retain the duly signed 2316 for a period of three (3) years.

61. Statements and Returns
Form 2316 continued…
The applicable box for MWEs shall be indicated (under the enhanced form). This serves as proof of financial capacity for purposes of loans, etc…
In case of successive employment during the taxable year, an extra copy of BIR Form 2316 shall be furnished to his new employer

62. Year-End Adjustment PURPOSE: WHEN: TAX DUE = TAX WITHHELD
On or before the end of the calendar year, prior to the payment of compensation for the last payroll.
If terminated, on the day on which the last payment of compensation is made.

63. YEA-Annualized Method
STEP 1 - Determine the taxable regular and supplementary compensation paid to the employee for the entire calendar year;
STEP 2 - If the employee has previous employment/s within the year, add the amount of taxable compensation paid to the employee by the previous employer.

64. YEA-Annualized Method
STEP 3 - Deduct from the aggregate amount of compensation computed in Step 2 the amount of the total personal and additional exemptions of the employee; Personal Exemptions: Single - P50,000 Married P50,000 Additional Exemption: P25,000 for each qualified dependent

65. YEA-Annualized Method
STEP 4 - Deduct the amount of premium payments on Health and/or Hospitalization Insurance of employees who have presented evidence that they have paid the same during the taxable year. Note: The deductible amount shall not exceed P2,400/annum or P200/month whichever is lower and total family gross income does not exceed P250,000 for the calendar year.

66. YEA-Annualized Method
STEP 6 - Determine the deficiency or excess, if any, of the tax computed in Step 5 over the cumulative tax already deducted and withheld since the beginning of the current calendar year.

67. Annualized Withholding Tax - Formula
Gross Compensation (prev. + present) Pxxx Less:Non-Taxable/Exempt Compensation xxx a)13th month pay & other benefits xxx b)Other non-taxable benefits xxx c)SSS, GSIS, PHIC, Pag-ibig and Union Dues (Employees share only) xxx xxx Less: a) Personal and additional exemption xxx b) Health/Hosp. Premium payment xxx xxx Taxable Compensation Income xxx Tax due xxx

68. INCOME TAX TABLE OVER BUT NOT OVER AMOUNT RATE OF EXCESS OVER
10, , % ,000
30, , , % ,000
70, , , % ,000
140, , , % ,000
250, , , % ,000
500, over , % ,000
33% in 1999
32% in 2000 and thereafter

69. BASIC CONCEPT OF YEAR -END ADJUSTMENT
Compensation Income-net A B C 230, , ,000 50,000 50,000 50, , , ,000 32,500 32,500 32,500 32,500 30,000 34,500 0__ 2,500 (2,000)
Compensation Income-net Less: Exemption (single) Taxable Income Tax Due Less: Tax Withheld Jan-Nov EVEN PAYABLE REFUNDABLE

70. Sample Problem 1
Mr. Dexter, head of the family with a qualified dependent brother receives P12, (net of SSS, Philhealth, HDMF) as monthly regular compensation starting January 1, 2011, he filed his resignation effective June 30, The tax withheld from January to May was P2,900.

71. Computation:
Total compensation (Jan. - June) P73, Less: Personal Exemption 50, Net Taxable Compensation P23, Tax Due P 1, Tax Withheld from Jan. to May 2, To be refunded on or before 6/30/02 (P1,100.00)

72. Sample Problem 2
Mr. Jacob, married with 2 qualified dependent children received P18,500 monthly compensation (net of SSS, Philhealth, HDMF employees contributions). Taxes withheld from Jan. to Nov. were P8,

73. Computation:
Total Compensation (Jan - Nov) P203, Add: Dec. compensation 18, Gross Compensation P222, Less: Personal/additional exemption 150, Total Compensation P 72, Tax due P 8, Less: Tax Withheld 8, Collectible W/tax for Dec. salary P

74. Annual Information Return
Manual Submission - 3 copies of 1604CF/1604E Including the alphalist of employees and income payees.
Diskette/CD & Submission thru

77. Annual Information Return
WAGES EXPANDED
What to use: CF E
+ alphalist + alphalist
When to submit: On or before on or before
Jan. 31 ff year March 1 ff year
Where to submit: RDO RDO
Retention yrs same

78. Where to file? B I R Revenue District Office RDO 112- Tagum City
RDO 113- West Davao City
RDO 132- East Davao City
RDO 114- Mati City
RDO 115-Digos City

79. RMC
Reiteration of the Applicable Penalties for Employers Who Fail to Withhold, Remit, Do the Year-End Adjustment and Refund Employees of the Excess Withholding Taxes on Compensation

80. Objective: Emphasize the Employers to: 1. Withhold 2. Remit
3. Do the Year-End Adjustment
4. Refund employees of the excess
of the Withholding Taxes on Compensation
Sec. 80(A); Sec. 79(H); Sec. 24(A)

81. Sec. 80(A) NIRC, as amended Employer Withhold & Remit
Correct amount of tax
BIR

82. Sec. 79(H)
* On or before year end but prior to 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 - Sec. 24(A).
*The difference of the tax due and tax withheld will either be withheld on Dec. or refunded to the employee not later Jan. 25, following year.

83. FORMS TO BE USED For Monthly Remittance:
COMPENSATION ==> BIR Form 1601C
For Annual Information Return:
COMPENSATION &
FINAL ===> BIR Form 1604CF
For Certificate of Taxes Withheld:
COMPENSATION ===> BIR Form 2316

84. Annually - On or before Jan. 31 of the following year (RR 3-02)
Due Dates:
January to November– On or before the 10th day of the following the month, whether W/A is LT or Non-LT (RR 6-01)
December - On or before Jan. 15 of the following year, whether W/A is LT or Non-LT (RR 6-01)
Annually - On or before Jan. 31 of the following year (RR 3-02)

85. Attachments Required:
Alphalist of Employees as of Dec. 31 with No Previous Employer within the Year;
Alphalist of Employees as of Dec. 31 with Previous Employer(s) within the year;
Alphalist of Employees Terminated before Dec. 31;
Alphalist of Employees Whose Compensation Income are Exempt from Withholding Tax but Subject to Withholding Tax
Alphalist of Employees other than Rank & File Who Were Given Fringe Benefits During the Year

86. Effectivity of Substituted Filing
Optional for taxable year 2001
Mandatory effective taxable year 2002

87. n n Preparation of BIR Form No. 1604 CF Employer files w/
START
Preparation of BIR
Form No CF
Before Jan. 31
Employer files w/
BIR the duly accomplished
BIR FORM 1604CF
On or before Jan 31
Subject to WTC?
Employer shall issue
2306to the payee (FWT) n
On or before Jan. 31
On or before April 15 y
Entitled to subs-
tituted filing? - n
Employee files ITR
together with 2316 &
other pertinent docs
Employer shall issue
2316 to employee y
Employer/employee to execute sworn
joint certification. Employer to furnish
employee copy of 2316/cert. to employee.
Employer to retain copy of joint cert.
On or before Jan. 31

88. Note:
An illustrative example on the year-end adjustment is shown under Sec. 2.79(B)(5)(b) of Revenue Regulations (RR) No. 2-98, as amended.

89. Failure to Comply
1. Non-withholding of tax - Employer fails to withhold the tax 2. Underwithholding - Employer fails to correctly withhold the tax 3. Non-remittance -Employer fails to remit total amount withhled

90. -Employer’s remittance is less than total amount withheld
4. Underremittance
-Employer’s remittance is less than total amount withheld
5. Late remittance
-Employer remits correct amount withheld beyond the due date
6. Failure to refund excess taxes withheld
-Employer ails to refund excess taxes withheld to its employees

91. Penalties for Non-Compliance: 1. Additions to the tax: a. Sec
Penalties for Non-Compliance: 1. Additions to the tax: a. Sec. 248 – 25% of the amount due (failure) 50% of the amount due (fraud) b. Sec. 249 – 20% interest per annum c. Sec. 251 – other penalties + total tax not withheld d. Sec penalties + refundable amount

92. 2. Criminal Liabilities: (upon Conviction) a. Sec
2. Criminal Liabilities: (upon Conviction) a. Sec. 255 – other penalties + P10,000 + imprisonment of 1 yr to 10 yrs b. Sec. 256 – (Corp.) penalties + fine of P50,000 to P100,000 c. Sec. 272 – (Public Officers) penalties + fine of P5000 to P50,000 or imprisonment of 6 mos. to 2 yrs, or both d. Sec. 275 – (no specific penalty) fine of <P1,000 or imprisonment of < 6 mos. Or both

93. Note:
In certain instances as provided under Revenue Memorandum Order No , a compromise penalty in lieu of criminal liability may be imposed and collected.

94. The end