Income Derived as Rewards Does Not Form Part of the Taxable Gross Income of the Informer, Hence, Exempt from Income Tax
BIR Ruling No. 226-91 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 5, 1991
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November 5, 1991 BIR RULING NO. 226-91 28 (b) (8) (C) 000-00 226-91 S i r : In reply to your letter dated August 27, 1991, I have the honor to inform you that income derived as rewards under Section 281 (formerly Section 316) of the Tax Code, as amended, does not form part of the taxable gross income of the informer and, hence, exempt from income tax, pursuant to Section 28 (b) (8) (C) of the same Code. Very truly yours, (SGD.) JOSE U. ONG Commissioner
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