Are Philippine Retirement Benefits exempted from tax?

Question

Are Philippine Retirement Benefits exempted from tax?

Answer 1

   Yes, under two conditions

   1.  You should be at least 50 years old as of your retirement date

   2.  It is the first time that you have retired and applied for tax        exemption.

   Have a nice day !

Answer 2

exempted if:

    there is a reasonable retirement benefit plan from employer

    at least 50 years ld upon retirement

    served for at least 10 years

    first time retirement

Answer 3

you bet they are.