BIR Ruling

August 5, 1970 Mr. Martin R. Oliva The Travellers Multi-Indemnity Corporation P.O. Box 2490, Manila S i r : This refers to your letter dated May 13, 1970, requesting information as to whether or not as a certified public accountant presently employed as president of the Travellers Multi-Indemnity Corporation at which position you alleged to have incidental use of your knowledge as accountant, you are subject to the occupation tax. In reply, I have the honor to inform you that if outside the functions of president which are essentially managerial, you likewise undertake work requiring the discharge of your knowledge as a certified public accountant, you are subject to the occupation tax even if the use of said knowledge be incidental as long as it is carried on with regularity. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue