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| . A note on Balmori Software article: The tax relief Republic Act No. 9504 Annualization is a formal computational process in which a taxpayer's year-to-date income tax payable is calculated, then compared with his actual tax withholdings throughout the year. Any excess payments are returned to the taxpayer; or if there are any shortfalls in withholdings, these are extracted at this time from the taxpayer via a special payroll deduction. |
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