Guidelines on Taxes of Separation Benefits

Guidelines on Taxes of Separation Benefits


A Filipina advisor explains separation benefit tax rates to a concerned Filipino couple in an office.

July 26, 2022

BIR Revenue Memorandum Circular Nos. 66-26 and 26-2011 provides guidelines in the tax treatment of Separation Benefits received by officials and employees on account of their separation from employment due to death, sickness or other physical disability and the issuance of Certificate of Tax Exemption from income tax and from the withholding tax.

1. Revenue Memorandum Order No. 66-2016

2. Revenue Memorandum Order No. 26-2011

Leave a Reply

Your email address will not be published. Required fields are marked *

Legal Assistance

Hi! I’m here to help you with legal matters. What can I assist you with today?