BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Feb 16, 1976
Full text
February 16, 1976 VLD-Techniks, Inc. Consulting Engineers 2nd Floor, Makati Merchandise Center, M.C.C. Makati, Rizal Attention: Mr . Juan Tito Picache Adm . Assistant Gentlemen : In reply to your letter dated January 21, 1976, please be informed that you can secure a copy of Revenue Regulations No. V-8 (Withholding Tax Regulations) from the office of the General Services Division, this Bureau. acd It is also informed that overtime pay forms part of the wages which is defined as all remuneration for services performed by an employee for his employer. (Article 1 (a), Supplement A-Withholding on wages, Title II, Tax Code). Such being the case, it is compulsory for the Company to deduct and withhold the tax due upon such wages which include overtime pay paid to the employee. cd Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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