BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 13, 1973
Full text
April 13, 1973 Mr. S.C. Advincula 5407 Gen. Luna (Poblacion) Makati, Rizal S i r : In reply to your letter dated January 8, 1972 I have the honor to inform you that only those corporations subject to corporate income tax under Section 24 of the Tax Code, as amended, are required to file quarterly income tax returns in accordance with the provisions of Revenue Regulations No. 12-72 dated December 1, 1972. Accordingly, since single entrepreneurs, partnerships or professionals and practicing professionals are not subject to corporate income tax, they are not required to file quarterly income tax declarations. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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