COPS TO RECEIVE YEB, 5K GC FOR FY 2022 STARTING NOV 15

COPS TO RECEIVE YEB, 5K GC FOR FY 2022 STARTING NOV 15

By Arwen Pascua

MANILA — Philippine National Police chief General Rodolfo Azurin Jr. announced the release of P8,502,008,690.81 funds allocated for the Year-End Bonus (YEB) and Cash Gift for the fiscal year 2022 to some 226,515 PNP personnel.

“The funds are from the regular PNP Appropriations programmed in the agency’s 2022 budget”, PNP Chief Azurin said.

Police Brigadier General Bowenn Joey Masauding, Director, PNP Finance Service said the YEB and Cash Gift 2022 are equivalent to one-month base pay and P5,000,00 respectively.

These 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 P90,000.00 are taxable.

Hence, are subjected to year-end tax adjustments affecting all PCOs and NUP with Salary Grade 18 Step 1.

Moreover, all affected PNP personnel who reached the minimum net take-home pay are also advised to settle through the over-the-counter payment scheme of their unpaid loan/s for November and December 2022 to avoid incurring penalties and other charges.

Azurin mentioned that the regular monthly withholding tax deduction will resume during the pay period of January 2023.

Meanwhile, as per policy, personnel who were administratively charged and were found guilty by the final and executory judgment 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”, PGen Azurin added. (I. Amigo / MTVN)

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