Annuities Given By GSIS Exempt from All Taxes

June 29, 1968 BIR RULING NO. 011-68 Mr. Quirino G. Dolina Palo, Leyte S i r : This refers to your letter dated April 2, 1968 wherein you posed the following query: lexlib "I have the honor to request the favor of information as to whether or not I am subject to file an Income Tax Returns for any year? "I am a retired government employee getting a monthly annuity from the GSIS of ONE HUNDRED SIXTY-FOUR & SEVENTY-NINE (P164.79) PESOS, and I have no real property nor any other income. I also request information if I am also subject to pay the additional Residence Certificate Class "B". In reply, I have the honor to inform you that pursuant to Section 14 of Commonwealth Act No. 186, as amended, annuities given by the GSIS are exempt from all taxes. Accordingly, if your GSIS monthly annuity is your only income, you are exempt from filing an income tax return. However, should you, in any year, receive any kind of taxable income or gain of whatever kind and nature, the same should be reported in your income tax return for the year of receipt. You are also exempt from the payment of the additional residence tax or Residence Certificate Class "B" if, as represented, you have no other income and own no real property. casia Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue