Special Treatment of Fringe Benefits under Section 2.33 of Revenue Regulations No. 3-98, as Last Amended by Revenue Regulations No. 5-2011
Revenue Memorandum Circular No. 020-11 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • May 13, 2011
Full text
May 13, 2011 REVENUE MEMORANDUM CIRCULAR NO. 020-11 SUBJECT : Special Treatment of Fringe Benefits under Section 2.33 of Revenue Regulations No. 3-98, as Last Amended by Revenue Regulations No. 5-2011 TO : All Internal Revenue Officers and Others Concerned In implementing Section 2.33 of Revenue Regulations (RR) No. 3-98 as last amended by RR 5-2011 with respect to the Special Treatment of Fringe Benefits, the income tax and withholding tax on compensation income referred to under Section 2 of RR 5-2011 shall refer to fringe benefits tax. CIAcSa All concerned are hereby enjoined to be guided accordingly and to give this Circular as wide a publicity as possible. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue
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