May 17, 2010
BIR RULING [SB-(003) 022-10]
32 (B) (6) (b); 196-93; 211-92; SB-059-2000
Ms. Cynthia K.H. Tabangcura
Isabela II Electric Cooperative, Inc.
Government Center, Alibagu
Ilagan, Isabela
Madam :
This refers to your letter dated March 25, 2010 requesting for a ruling that the separation benefits you will receive from Isabela II Electric Cooperative, Inc. (ISELCO II TIN 002-833-960-000) is exempt from withholding tax pursuant to Section 32 (B) (6) (b) of the Tax Code of 1997, as amended. CETDHA
Documents submitted show that Cynthia K.H. Tabangcura (TIN 150-901-165-000), 40 years of age, is a Branch Teller of ISELCO II. Based on the Medical Certificate issued by Glen Mathew G. Baggao, M.D. of Gov. Faustino N. Dy, Sr. Memorial Hospital in Ilagan, Isabela, you were diagnosed with Hypertensive Cardiovascular Disease and was advised by the aforesaid physician against strenuous activities. ISELCO II deemed you as resigned at the close of May 16, 2010.
In reply, please be informed that pursuant to Section 32 (B) (6) (b) of the Tax Code of 1997, as amended, any amount received by an official or employee or by...
