Request for Tax Relief on Pension from Swiss Life Insurance and Pension Company of London, United Kingdom

April 4, 1986 BIR RULING NO. 036-86 29 (c) (1) 000-00 036-86 M a d a m : This refers to your letter dated March 7, 1986 requesting this Office for tax relief on your pension from the Swiss Life Insurance and Pension Company of London, United Kingdom. It is represented that you are a Filipino citizen residing at No. 3 Maunawain St., East Ave., Quezon City, and a widow of the late GERARDUS FRANCISCUS VAN GEMERT, a Dutch national, who used to work in TRADAX, a private Swiss company. The records show that your husband died in Manila during the fire which occurred at the Regent of Manila last February 14, 1985; and that after his death, you became the beneficiary of a pension which actually consists of proceeds of life insurance from the Swiss Life Insurance and Pension Company which deducted or withheld the corresponding United Kingdom income tax from said proceeds. You are now requesting this Office to certify that the proceeds in question are exempt from income tax in the Philippines in order to enable you to claim, likewise, a similar tax exemption from the United Kingdom. cdt In reply, please be informed that under Section 29(c)(1) of the National Internal Revenue Code, the proceeds of life insurance policies paid to the heirs or beneficiaries upon the death of the insured, whether in a single sum or otherwise, are not to be included in gross income and shall be exempt from taxation. In view of the foregoing, your request is hereby granted. This letter will serve as your Certification for Tax Relief which you may present to the proper authorities in London United Kingdom. cd Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner