BIR Ruling

July 3, 1970 Action Line c/o The Manila Times P. O. Box 775 Manila S i r : This refers to the letter of a retired professional to that column requesting information as to whether or not professionals who do not practice their professions or are retired due to old age are subject to the occupation tax. In reply, I have the honor to inform you that professionals who do not practice their professions or who are retired due to old age are not subject to the occupation tax for it is the essence of the occupation tax to' tax the professional act and not the mere fact of being a professional. casia Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue