GOVPH

                                                                                             November 21, 2019                                                                                        

                                                                                                                                    November 15, 2019 

In view of the distribution of the Year-End Bonus and Cash Gift for CY 2019, the PNP Finance Service (PNPFS) would like to inform you the sample computation on the Withholding Tax on Compensation, relative to the year-end adjustments on the withholding taxes of PNP personnel for November and December 2019 pay periods.

These adjustments will result to under-deduction on the existing loans of PNP personnel who are receiving the minimum Net Take Home Pay.  Further, advise affected personnel to pay over-the-counter to the concerned Financial institution/s to avoid incurring penalties.