BIR Ruling No. 070-61

January 31, 1961 BIR RULING NO. 070-61 In reply to your letter . . . , I have the honor to inform you that teaching, as an occupation, does not constitute a taxable occupation for internal revenue tax purposes. In other words, it is not subject to any fixed and/or percentage taxes under the provisions of the Tax Code, as amended. LLpr However, all earnings or income derived from such occupation are subject to the income and residence taxes prescribed by law. If you intend, therefore, to open and conduct a Spanish class at your own house, you are required under the law to keep a journal and a ledger, or their equivalents, wherein all transactions and results of operations are shown and from which all taxes due the Government may readily and accurately be ascertained and determined any time of the year. If your gross quarterly receipts or earnings do not exceed P5,000.00, you may keep and use a simplified set of bookkeeping records which should be approved and registered with this Bureau before using the same (Sec. 334, Tax Code; Sec. 19, Revenue Regulations No. V-1, as amended by Revenue Regulations No. V-45). As to other requirements of the law, other than internal revenue law, please consult and present your case to the Department of Education for proper guidance. cdphil