The letter requests a tax exempt clearance for a widower to receive death benefits from his late wife's employer's retirement plan. It explains that the widower's deceased wife served the company for many years and her heirs are eligible to receive the benefits. It cites Republic Act 4917, now part of the Tax Code, which exempts retirement benefits received under private employer benefit plans from taxes. The letter asks for prompt processing of the request for the clearance, which is needed to release the retirement death benefits.
The letter requests a tax exempt clearance for a widower to receive death benefits from his late wife's employer's retirement plan. It explains that the widower's deceased wife served the company for many years and her heirs are eligible to receive the benefits. It cites Republic Act 4917, now part of the Tax Code, which exempts retirement benefits received under private employer benefit plans from taxes. The letter asks for prompt processing of the request for the clearance, which is needed to release the retirement death benefits.
The letter requests a tax exempt clearance for a widower to receive death benefits from his late wife's employer's retirement plan. It explains that the widower's deceased wife served the company for many years and her heirs are eligible to receive the benefits. It cites Republic Act 4917, now part of the Tax Code, which exempts retirement benefits received under private employer benefit plans from taxes. The letter asks for prompt processing of the request for the clearance, which is needed to release the retirement death benefits.
The letter requests a tax exempt clearance for a widower to receive death benefits from his late wife's employer's retirement plan. It explains that the widower's deceased wife served the company for many years and her heirs are eligible to receive the benefits. It cites Republic Act 4917, now part of the Tax Code, which exempts retirement benefits received under private employer benefit plans from taxes. The letter asks for prompt processing of the request for the clearance, which is needed to release the retirement death benefits.
We are respectfully requesting for the issuance of TAX EXEMPT
CLEARANCE for __________________________________________, widower of deceased ________________________________________ was an employee of the __________________________ and has served the ______________ for ___________ years. Her heirs are eligible to receive death benefits from our __________ Retirement Plan. This clearance is needed as one of the documentary requirements for the release of said retirement (deaths) benefits.
Pursuant to Republic Act No. 4917 (An Act Providing that
Retirement Benefits of Employees of Private Firms shall not be subject to attachment, Levy, Execution, or any Tax whatsoever), now embodied in Section 32 (B) (6) (a) of the Tax Code which states, among others, that the retirement benefits received by officials and employees of private firms in accordance with a reasonable private benefit plan maintained by the employer shall be exempt from tax.
We are looking forward to your prompt and appropriate action of his