philippine taxation- FRINGE BENEFIT TAX

Derellis received under productivity incentive bonus schemes not exceeding 10, 000 ILLUSTRATIVE CASES: 1. In 2018, a corporation paid for the monthly rental of a residential house for its regional supervisor, Mr. Royce amounting to 156,000 2. A domestic corporation owns a condominium unit and allowed to be used by the Vice president for his residence. The FMV is 10,000,000 and acquisition price of 8,000,000 3. The employer provides 800,000 to the employee to purchase any vehicle of his interest. Ownership of the car is placed in the name of the employee. The employee purchased a brand new car worth 1,200,000. 4. The employer purchases a car in installment in the name of the employee with an amount of 1,200,000