BIR Ruling No. 032-61
BIR Ruling No. 032-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 9, 1961
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February 9, 1961 BIR RULING NO. 032-61 With reference to your verbal inquiry as to whether or not your undistributed share in the profits of a duly registered general copartnership is considered in determining the amount of your income or receipts for purposes of the additional residence tax, I have the honor to inform you in the negative. This is for the reason that even dividends actually received from corporations or unregistered partnerships are not taken into account. cdasia
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