BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 12, 1973
Full text
April 12, 1973 Mr. Carlos E. Gellekanao Grand Knight Knights of Columbus Guimbal Council No. 6256 Guimbal, Iloilo S i r : This refers to your letter dated February 14, 1973 requesting information on the following queries, relative to Republic Act No. 660, as amended, to wit: "1. Are the value of annuity a retired government officer or employee has received from the Government Service Insurance System for the first five years and the annuity he will receive monthly thereafter subject to income tax? 2 Are the same benefits to the additional residence tax?" In reply thereto, I have the honor to inform you that pursuant to Section 25(c) of Commonwealth Act No. 186 as amended by Republic Act Nos. 660 and 728, all benefits granted by the Government Service Insurance System shall be exempt from all types of taxes. Accordingly, all the annuities from the GSIS are not subject to income and additional residence taxes. cdt Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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