MANILA, Philippines — The Bureau of Internal Revenue (BIR) stood firm Wednesday on its decision to tax extra or voluntary contributions made by government and private employees to state pension and insurance firms like the Pag-IBIG, Social Security System, Government Service Insurance Corporations and PhilHealth despite strong opposition from members of Congress and other sectors.
“We will come out with another circular reiterating the impositions of the tax under Revenue Memorandum Circular (RMC) No. 53-2011,” said Jethro Sabariaga, chief of staff for legal matters of BIR Commissioner Kim S. Jacinto-Henares.
He said that, contrary to news reports, overseas Filipino workers and minimum wage earners like household help are not covered by the circular as these groups of taxpayers are exempted from taxation under the Tax Code.
“They can put all their earnings in the said insurance companies and they will not be taxed,” he said.
Earlier, Henares said that mandatory contributions are still exempted from income taxation under the memorandum.
Covered by RMC 53-2011 are extra contributions which are considered investments, she said.
The BIR came out with the RMC last July after noting that insurance companies have come out with various projects encouraging their members to increase their monthly contributions to hike their pensions when they retire and upgrade their health care coverage. –JUN RAMIREZ, Manila Bulletin
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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