Over P8.5B bonus for cops released
PHILIPPINE National Police (PNP) chief, General Rodolfo S. Azurin Jr. on Sunday announced the release of P8,502,008,690.81 funds allocated for the 2022 Year-End Bonus or YEB and Cash Gift of the country’s 226,515 police personnel.
He said that the funds are from the regular PNP Appropriations programmed in the agency’s 2022 budget.
PNP Finance Service director, Brigadier Gen. Bowenn Joey M. Masauding said the YEB and Cash Gift 2022, equivalent to one-month base pay and P5,000,00 respectively, will be released to PNP personnel on November 15, 2022 through their Landbank ATM Payroll Accounts.
However, pursuant to Tax Reform Acceleration and Inclusion Law or T.R.A.I.N. Law (Republic Act 10893) and BIR Regulations 8-2018 and 11-2018, the YEB and other bonuses, including the mid-year bonus exceeding Php90,000.00 are taxable.
Hence, they are subjected to year-end tax adjustment affecting all Police Commissioned Officers and Non-Uniformed Personnel with Salary Grade 18 Step 1.
Moreover, Brig. Gen. Masauding advised all affected PNP personnel who reached the minimum net take home to settle thru over-the-counter payment scheme all their unpaid loan/s for November and December 2022 to avoid incurring penalties and other charges.
Gen. Azurin mentioned that the regular monthly withholding tax deduction will resume on pay period of January 2023.
As per PNP policy, personnel who were administratively charged and were found guilty by the final and executory judgement shall not be entitled to receive the YEB and Cash Gift.
“Hangad ko na gamitin ninyo sa wasto ang mga matatanggap ninyong bonus para sa inyong pamilya, mahal sa buhay at gayundin sa paghahanda para sa nalalapit na pagdiriwang ng kapaskuhan,” Gen. Azurin said.
