Inclusion of Retirement Pay Actually Received in the ITR
BIR Ruling No. 410-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 27, 1959
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August 27, 1959 BIR RULING NO. 410-59 Mr. Primitivo Leveriza 111 K-10 Street Kamias, Quezon City S i r : In reply to your letter dated August 21, 1959, I have the honor to inform you that inasmuch as you are reporting your income on the basis of actual receipts, you may include in your income tax return for a certain year the amount of retirement pay actually received by you during that year. The company making payment should withhold the tax corresponding to the amount actually paid to you. aisadc Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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