BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 15, 1974
Full text
April 15, 1974 Bacnotan Consolidated Industries, Inc. Quirino, Bacnotan, La Union Attention: Mr . Pablo S . Caguioa Gentlemen : In reply to your letter dated March 12, 1974, I have the honor to inform you that the "emergency allowance" received by an employee forms part of his gross income; hence, subject to income tax. Accordingly, it is subject to withholding tax. 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."
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