BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 8, 1976
Full text
March 8, 1976 Mr. Priscillano M. Fabe c/o Governor's Office Damaguete City S i r : This refers to your letter dated February 13, 1976, requesting a ruling as to whether or not the money value of leave credits received by a government employee is subject to tax. cdt In reply thereto, I have the honor to inform you that the money value of leave credits represents compensation for personal service rendered and, therefore, the same should be declared as part of the gross income for income tax purposes. (Section 29, NIRC). acd Very truly yours, CONRADO P. DIAZ Acting Commissioner of Internal Revenue TAN-1182-568-4 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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