The gross-up factor for 2018 onward was increase to 65% while the tax rate for fringe benefit is now 35%. Fringe Benefit tax is also considered a withholding tax.
Fringe Benefit tax are imposed on the supplemental compensation (may not be considered as de minimis benefit) to non-rank and file employees.
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BIR Website: Index on Withholding taxes
https://bit.ly/2Wlz2HT
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#taxation #fringebenefits #incometax
