payroll annualization Archives - Philippine Payroll HR Matters

Philippine Payroll HR Matters

Anything and everything about payroll and HR matters in the Philippines

Payroll Tax Annualization

hrpayrollguru January 7, 2015 Comment Closed Annualization, Payroll Processing, Tax Computation

What is Payroll Tax Annualization? This is when an employee’s payroll for the entire year is consolidated and used to calculate for the withholding tax for the year, to find out the remaining tax (or tax refund) that should be paid by the employee. Normally, you want to do this starting in October. So

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