BIR Ruling No. 624-2017

BUREAU OI INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPAFTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 624-*C^7

CERTIFICATE OF TAX EXEMPTION

issued to

2 NELSON O. JUMUAD VICTOR T. MANALANSAN TONIE C. DIONISIO Pulang Lupa, Las Pinas City Brgy. Sta. Ctara, Pasay City Carmona, Cavite

the employer because of REDUNDANCY, a cause beyond their control, hence. the amount separation from the service of the employer regardless of age or length of service, shall be excluded tax as prescribed by Section 79 of the 1997 'Tax Code, as implemented by Revenue Regulations No. 2-98, as amended by Revenue Regulations No. 6-200l and 12-2001. INTERNATIONAL SERVICES, INC 6750 Bldg., Ayala Avenue, Makati City have proven to have been separated from the service of received by the above-named taxpayers or by their heirs from the employer as a consequence of from their gross income and shall be exempt from taxation pursuant to Section 32(B)(6)(b) of the 1997 Tax Code, as amended. Likewise, the separation benefits shall be exempted from withholding This ccrtifies that the above-named taxpayers, employed with CALENERGY -- ROHQ with principal office address at 24th Fioor

commutation and payment of monetized unused vacation leave credits not exceeding ten (10) days during the year are not subject to income tax and consequently to the withholding tax. Conversely the cash equivalent of vacation leave exceeding ten (1o) days is subject to tax. However, this same principle cannot apply to SICK leave credits since an empioyee must actually go on sick icave to be able to avail of said leave credits. Moreover, pursuant to Section 2.78. 1(A)(7) of RR 2-98, as amended, the terminal pay, i.c..

of the Php82.000.00' threshold under Section 2.78.1 (A)(3)(a) and(A)(7) of RR 2-98. as amended. separated employees' salaries and the payment of the 13th month pay and other benefits in excess It is, however. understood that this exemption does not include the payment of the

as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. This Certificate of Tax Exemption is being issued on the basis of the facts and documents

Issued this day of DEc 3 2 2017

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K - Commissioner of Internal Revenue CAESAR R. DULAY b. 011773

1 as amended by Revenue Regulations No. 3-2015 dated March 13, 2015