BIR Ruling

March 26, 1973 Mrs. Demetria S. Ancheta 152 Progreso Street Pasay City D-720 M a d a m : This refers to your letter dated March 5, 1973 requesting information as to the taxability of the widow's pension benefit which you are receiving from the MCS-AFL-PMA Security Funds, 350 Fremont St., San Francisco, California, 94105, U.S.A. for twelve (12) consecutive months starting July, 1972 at $250 per month, as the widow of the late Fernando C. Ancheta, a U.S. citizen and retired member of the Marina Cook's and Steward Union. It is represented, in this connection, that from July to December, 1972 you received a total pension benefit of US $1,500.00. In reply thereto, I have the honor to inform you that the widow's pension benefit you are receiving from the MCS-AFL-PMA Security Funds is subject to income tax, considering that there is no law declaring such pension exempt from Philippine income tax. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue