Tax Exclusion on 13th Month Pay and Benefits

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BIR MEMORANDUM CIRCULAR NO. 36-94: Tax Exclusion on 13th Month Pay and Benefits

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Title Supreme Court: Tax Exclusion on 13th Month Pay and Benefits

Law: Bir Memorandum Circular No. 36-94

Decision Date: Dec 14, 1994

Republic Act No. 7833 exempts the 13th month pay and other benefits, up to a total of P30,000, from taxable compensation income for government and private employees, amending the National Internal Revenue Code to alleviate tax burdens on these earnings.

republic act

taxable income

gross compensation

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