BIR Ruling

August 3, 1970 Action Line c/o The Manila Times P. O. Box 775 Manila S i r : This refers to the letter dated June 19, 1970 of Mr. Jaime W. Namit, of Cubao, Quezon City, requesting information as to the amount of occupation tax he is liable to for having passed the Physician's Board Examination and the penalties for late payment. In reply, I have the honor to inform you that Mr. Namit shall be subject to the P75.00 annual occupation tax imposed in Section 182(B) of the Tax Code, as amended by Republic Act No. 6110 in case he actually engages in the practice of his profession. Under Section 180 of the Tax Code, as amended, occupation tax shall be payable at the option of the taxpayer, annually, on or before the twentieth of January or semi-annually, on or before the twentieth of January and July. But any person first beginning a business or occupation must pay the tax before engaging therein. It the privilege tax (occupation tax included) is not paid within the time specified, the amount of the tax shall be increased by twenty-five per centum , the increment to be part of the tax. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue