Income tax 4 category

1. Pay by employees whose gross salary goes up to $15,000 pesos after all
deductions.
2. THE TAXED PERCENTAGE CANT GO OVER THE 35% OF THE GROSS SALARY
3. The employer has the role of retention agency. This means the employer
retains the amount and then pays to the correspondent agency.
4. It applies over remunerative and non-remunerative concepts of the salary.
Taxed

remunerative concepts:
Salary
Extra hours
Pay national holidays
Expenses
Bonus
Licenses
Complementary annual salary
Share in profits

Taxed

non-remunerative concepts:
Prior notice compensation
Integration of the dismissal month
EOS payroll

Untaxed concepts:
Compensation for death, disability, dismissal.
Work clothes
Payment of courses and other trainings (must be documented)
Family allowances
Allowed deductions (only if employee informs the employer)
Family charges
Donations (up to 5% of the gross salary)
Health insurance fees
Life insurance (up to 996.23 per year)
Domestic work
Interests over mortgage loans (up to $20.000 per year)
Burial services fees of the taxpayer or family charges
Contributions to local professional institutions
Taxes over credit and debit of bank accounts
Obligatory deductions:
Health insurance contributions (made by employer and by employee)
Social security contributions (made by employer and by employee)