Or the 11-2010.
I was wondering if RR 11-2010 has taken effect in any companies, particularly Regional Office Headquarters (ROHQ), in Cebu or anywhere else south?
This has been a thorn for us employees in Manila and there seems to be no escaping it.
In summary, the head of BIR has passed a ruling redefining Technical/Managerial employees of multinational corporations that are headquartered here in the Phils.
In summary this is what the ruling means:
1) The 15% withholding tax will be increased to 30% IF your job category doesn't fit in with the "white boys" meaning dili ka specialized/technical/manegerial. Sila ra! Dapat raba daw ikaw ra kamao ana imo trabaho! Ingna kuno ko na DILI na sakit ang 30% withholding tax!
2) If your annual gross compensation bracket falls below 900,000.00 you will be taxed at 30%!
Naunsa naman ni ron ang Pinas?! Ang gamay sweldo samotan ug pahak unya ang dato pasamoton ug dato?! Kung palayason nalang kaha na nato nang mga putia kai ato rang nasud gipahimuslan?! Kadako kahang binuang ug insulto ana sa mga Pinoy!
Now, I have asked friends and family who work for NEC, Lexmark (kani I know is the ONLY one in the Phils), Timex and Tamiya and none of these people including their managers have heard of this ruling. So unsa man gyud ni? Our managers here claim it's nationwide but ngano wala man lagi apektado sa Visayas ug Mindanao?!
Read the full ruling here:
ftp://ftp.bir.gov.ph/webadmin1/pdf/5...%2011-2010.pdf