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References:

  1. Memorandum from TDC dated October 24, 2022 with subject: Fiscal Directive re: “Grant of Performance-Based Bonus for FY 2020 to Eligible PNP Personnel”; 
  1. Memorandum from C, AD, DC dated November 7, 2022 with subject: Taxable Income in Excess of Threshold; and 
  1. BIR Revenue Regulations 8-2018 and 11-2018.

The Performance-Based Bonus (PBB) for Fiscal Year 2020 will be credited to the ATM payroll account of qualified PNP personnel on November 24, 2022. Pursuant to BIR Revenue Regulations 8-2018 and 11-2018, the amount of 13th Month Pay and other bonuses in excess of Php 90,000.00 shall be subjected to withholding tax, which will be added to the annual taxable income, per Income Tax Rates provided by the BIR.

However, based on the Guidelines on the Grant of PBB FY 2020, should the resulting amount is lower than Php 5,000.00, the PBB amount shall be automatically Php 5,000.00.

   

Amount of Net Taxable Income

Rate

Over

But Not Over

 

-

P250,000

0%

P250,000

P400,000

20% of the excess over P250,000

P400,000

P800,000

P30,000 + 25% of the excess over P400,000

P800,000

P2,000,000

P130,000 + 30% of the excess over P800,000

P2,000,000

P8,000,000

P490,000 + 32% of the excess over P2,000,000

P8,000,000

 

P2,410,000 + 35% of the excess over P8,000,000

                                                                                   

Particulars

No. of Entitled Personnel

Payout Schedule

Performance-Based Bonus CY 2020

215,646

November 24, 2022

                                                                            

Particulars

No. of Entitled Personnel

Payout Schedule

PNP/ INP Pension (November 2022)

75,097

November 16, 2022

Medal of Valor Benefits (November 2022)

86

November 16, 2022

 

In addition, PNP COA letter dated April 20, 2021, making reference to Department of Justice (DOJ) Legal Opinion No. 11, series of 2021 signed by Secretary Menardo I. Guevarra, effective July 2021, all 17,999 TPPD/ Survivor Pensioners are now transferred to the NAPOLCOM. Likewise, be informed of the following changes to be implemented by PRBS as posted in their official Facebook Page “Prbs Pnp”:

a. Filing of TPPD retirement shall be made directly with the NAPOLCOM. Hence, payment of claims for Survivor Death Benefits and for retirees with Total Permanent Physical Disability (TPPD) status shall be facilitated by NAPOLCOM; and

b. Pensioner may seek assistance and clarification at PNP Retirement and Benefits Administration Service (PRBS) through the following hotline: Smart: 0961-899-0929, Sun: 0931-064-4316, Globe: 0977-714-5263, and TNT 0953-413-5924.

                                                                                               

Particulars

 

No. of Accounts

PCOs

NUPs

Year-End Tax Adjustment

15,332

225

NOTICE/ADVISORY

References:

  1.  T.R.A.I.N Law (Republic Act No. 10963); and
  2.  BIR Revenue Regulations 8-2018 and 11-2018.         
  • The 13th Month Pay and other Bonus (Mid-Year and Year-End Bonuses) exceeding Php 90,000.00 are taxable. Hence, are subjected for the year-end tax adjustments, in accordance to the BIR mandate on “tax due equals tax withheld.”
  • All PCOs are affected.
  • NUP with Salary Grade 18 Step 1 and above are affected.
  • All affected PNP personnel who reached the Minimum Net Take Home Pay are advised to settle thru Over-The-Counter payment scheme their underpaid loans/s for November and December 2022 to avoid incurring penalties and other charges.
  • Regular monthly withholding tax deductions will resume starting pay period January 2023.