Legal Question in Employment Law in Philippines
Tax Sheild
What does tax sheild means, is it legal and how will it affect an employees salary?
I see people mostly working in a call center, telling that they have tax sheild of 20% how is this computed in the payroll?Please give an example...thank you
Asked on 10/13/07, 11:30 pm
1 Answer from Attorneys
Reynaldo Destura
Destura & Associates Law Offices
Re: Tax Sheild
tax shield is a payroll scheme of not declaring the entire amount of salary received and instead providing for allowable and/or deductible expense. Hard to show sample computation. You need to be an accountant or a lawyer to do it.
Answered on 10/15/07, 7:44 pm
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