Non-taxability of the Pension Received by a Teacher in Lump Sum Upon Retirement
BIR Ruling No. 098-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 1, 1960
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March 1, 1960 BIR RULING NO. 098-60 Mr. Pedro A. Bautista Himenez, Misamis Occidental S i r : In reply to your undated letter requesting information as to whether or not the pension received by a teacher in lump sum upon retirement is subject to the income tax, I have the honor to inform you that if the said pension is retirement pay under Republic Act No. 660, it is not taxable and, therefore, should not be included in the income tax return. If it is not retirement pay under the aforesaid law, it is taxable and must be included in the income tax return, unless the fact of its being tax exempt under another law, if at all, is duly proved, in which case, the income need not be returned for taxation. LLphil Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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