Income Taxation

The basis upon which the remuneration is paid is immaterial in determining whether the constitutes compensation

Compensation for services in whatever form paid, including but not limited to fees, salaries, wages, commissions, and similar items; It means any remuneration for rendering of personal services

There is no determination of compensation until the service in rendered

It may be paid on the basis of piecework, or a percentage of profits an may be be paid hourly, daily, weekly, monthly and annually

In general, every form of compensation income is taxable regardless of how it is earned, by whom it is paid, the label by which it is designated, the basis upon which it is determined, or the form in which it is received