BIR Ruling No. 078-61

February 10, 1961 BIR RULING NO. 078-61 Federal Pharmacy 355 Quezon Blvd. P.O. Box 337 Manila Attention : Mr . Luis Lim Manager Gentlemen : In reply to your queries propounded in your letter dated August 18, 1960, I have the honor to inform you as follows: As commercial broker, earning commission on indent orders, you are required to make a true and complete return of your gross monthly compensation or profit and within 20 days after the end of each month, pay the 6% percentage tax due thereon. [Secs. 183(a) & 195, NIRC] However, if you failed to earn any compensation or profit from your business as a commercial broker for a certain month or months of the year, you may not be required to file a return for said particular month or months or give notice or information to that effect with the proper revenue office concerned. Accordingly, if you are paying the percentage tax for a certain month wherein commissions were earned but no commissions were earned during the previous month or months, a certification of the absence of income in the previous month or months should be incorporated in the statement for the taxable month. cdta Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue