BIR Ruling [DA-157-97]
BIR Ruling [DA-157-97] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 14, 1997
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April 14, 1997 BIR RULING [DA-157-97] PROS Architects & Engineers 2/F Prudential Bank Bldg. 224 Ortigas Avenue San Juan 1500, Metro Manila Attention: Ms . Conchita N . Palmos Administrative Officer Gentlemen : In reply to your letter, please be informed that your general professional partnership, existing under and by virtue of Philippine Laws registered with the Securities & Exchange Commission as such on June 2, 1995 and formed for the purpose of practicing architecture, engineering and related fields is exempt from income tax pursuant to Section 24(a) of the Tax Code, as amended, provided that no part of its income is derived from engaging in any trade or business. Accordingly, payments to said partnership for professional services rendered are exempt from the withholding tax provisions of Revenue Regulations No. 6-85, as amended, otherwise known as the Revised and Consolidated Expanded Withholding Tax Regulations implementing Section 50(b) of the Tax Code, as amended (BIR Ruling No. 178-92 dated May 29, 1992). casia Very truly yours, ALICIA P. CLEMENO Assistant Commissioner (Legal Service) By: ALICIA L. TOMACRUZ Head Revenue Executive Assistant (Legal Service)
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