BIR Ruling

November 26, 1973 Mr. Salvador C. Gonzales 960 Cabuco St., Cavite City S i r : In reply to your letter dated September 10, 1973, I have the honor to inform you that retirement pay and monthly annuities received by retired government officials and employees are exempt from income tax under Republic Act No. 660, as amended. Accordingly, if your only income consists of said pension, you are exempt from the filing of an income tax return. cdta However, you are required to file an income tax return if you derived any other income from any source of at least P1,800.00 for the taxable year or you fall under any of the following categories: "(A) Is an official or employee of the government or has a contract with the Government of the Republic of the Philippines, or any of its agencies or instrumentalities, including government-owned or controlled corporations, regardless of the nature of his appointment or duration of his employment; "(B) Is a professional as defined herein below; "(C) Is a registered or beneficial owner or mortgagee of any real property; "(D) Is a registered or beneficial owner, or mortgagee of any motor vehicles; "(E) Is a registered or beneficial owner, or mortgagee of any share of stock or security of a corporation, or any interest in a firm or partnership; "(F) Has travelled abroad, except children below eighteen years of age; "(G) Has filed a certificate of candidacy for any public office except barrio officials and municipal councilors; "(H) Is engaged in trade or commerce." regardless of the amount of income. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."