BIR Ruling No. 026-80
BIR Ruling No. 026-80 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 21, 1980
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October 21, 1980 BIR RULING NO. 026-80 53-f 055-79 26-80 Messrs. Carlos J. Valdes & Co. Certified Public Accountants 1130 Perez St., Paco, Manila Attention : Mr . Jesus J . Valdes Senior Managing Partner Gentlemen: In reply to your letter dated August 1, 1980, please be informed that the expanded withholding tax provisions of Revenue Regulations No. 13-78 as amended by Revenue Regulations No. 6-79, implementing Section 53(f) of the Tax Code, as amended by P.D. No. 1351, particularly Section 1(a)(1) and (b) of said regulations, apply only to professionals who are individually engaged in the practice of professions and to taxable juridical persons. Accordingly, since you are a general professional partnership and, therefore, a non-taxable entity, income payments to you are not subject to the withholding tax prescribed by said regulations. Very truly yours, ROMULO M. VILLA Acting Commissioner
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