Republic Acts1 min read
Section 7Sec./Art. 7
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A new subparagraph (C) is hereby added to Section 44(a)(2) of the National Internal Revenue Code, as amended, to read as follows:
"(C) Individuals with respect to pure compensation income, as defined in Section 28(a)(l), derived from sources within the Philippines, the income tax on which has been withheld under the provisions of Section 72 of this Code:Provided,That an individual deriving compensation concurrently from two or more employers at any time during the taxable year shall file an income tax return:Provided, further,That an individual whose pure compensation income exceeds Sixty thousand pesos (P60,000) shall also file an income tax return."
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