Are honorariums given for the conduct of review sessions to nursing students subject to tax in the Philippines?
I conducted a series of review sessions with our nursing students in our school here in the Philippines. When I received my compensation I was surprised that the honorarium I received for being a reviewer was included in my monthly taxable income, making my tax for the month bigger than normal. Are honorariums really part of the taxable income?
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Unfortunately, YES. I am also from the Philippines and do the same. I conduct seminar-workshops for book companies and even for our own school. For book companies, it does not matter because they gave it to you sans anything more than an acknowledgment receipt. In the case of in-service trainings I conduct for our school, our treasurer generously excludes my honorarium from the payroll. She enters it instead as performance bonus. Bonuses in Philippine law is non-taxable. If you can request the school to enter your honoraria as bonuses, this I think is the best you can do so they will not be subject to tax!
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