BIR Ruling

April 15, 1974 Mr. Nonito R. Arranguez Regional Training Officer Department of Agrarian Reform Regional Office No. VII Patria de Cebu, Cebu City S i r : Reference is made to your letter dated February 19, 1974, requesting information whether you can still claim additional personal exemption on your two children who were born on January 30, 1971 and September 22, 1972. cdi In reply, I have the honor to inform you in the affirmative. In this connection, effective January 1, 1973, the maximum age of dependents qualified for additional exemption has been reduced from twenty three (23) to twenty one (21) years, and the total number of dependents for which additional exemptions may be claimed shall not exceed four (4) dependents. (See Sec. 23(c), Tax Code, as amended by Presidential Decree No. 69) However, since the said proviso of Section 23(c) of the Tax Code, as amended, is of prospective application, those who have more than four qualified dependents in 1972 may continue to claim additional exemption for the total number of such dependents for the calendar year beginning January 1, 1973, and subsequent years provided that as of the end of said calendar years such dependents meet the requirements enumerated in said provision. 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."