Service fees vs. royalties

Quick Summary:

Both service fees and royalties are generally subject to tax in the Philippines.

As such, there is no need to distinguish between the two.

However, there are certain taxation aspects that differ for these two types of income, making it necessary to identify whether the income involved is a compensation for service or payment of royalty.

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Article Details

Author / Journalist: Fulvio D. Dawilan

Category: BusinessStartups

Markets: Philippines

Topics: Column Opinion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 16:02:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1107 words

Reading Time: 7 minutes read

Sentences: 50 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21655006

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 78 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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