Deductibility of the Contributions (premiums) to the SSS

February 6, 1959 BIR RULING NO. 065-59 William H. Quasha Hongkong Bank Building 117 Juan Luna, Manila Attention : Mr . Alonzo Q . Ancheta Gentlemen : In reply to your letter of February 5, 1959, requesting opinion on whether or not contributions (premiums) to the Social Security System are deductible items for income tax purposes, I have the honor to inform you as follows: The 3% premiums paid by the employer to the Social Security System are deductible from the gross income of the said employer. The 2% premiums paid by the employee is not deductible on the part of said employee. prll Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue