Practice question
Distinguish the statutory MWE exemption for specified wage components from a proposition that every receipt of every employee is exempt.
Legal references
- RA 10963, Sections 5 and 9, individual tax rules and NIRC Section 32(B)(7)(e): https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
- BIR Revenue Regulations 8-2018, compensation, minimum-wage and professional/GPP rules, read with subsequent amendments: https://bir-cdn.bir.gov.ph/local/pdf/RR%20No.%208-2018.pdf
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