Practice question
When does current section 32(A)(1), as amended by RA 12214, include the specified equity-based compensation in gross income?
- Only when the employee retires in every case
- Only when the employer closes
- Only when a paper certificate is framed
- At exercise
- Only after twenty years
Legal references
- https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html — NIRC, section 40(A)–(C)
- https://lawphil.net/statutes/repacts/ra2021/ra_11534_2021.html — RA 11534, section 10 amending NIRC section 40(C)(2)
- https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html — RA 12214, section 8 amending NIRC section 32(A)(1)
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