BIR Ruling No. 111-84
BIR Ruling No. 111-84 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 21, 1984
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June 21, 1984 BIR RULING NO. 111-84 205-16-000-77-111-84 S i r : In reply to your letter dated November 14, 1983, I have the honor to inform you that an insurance agent who is a natural person receiving commission from an insurance company is not subject to the 3% contractor's tax, but to the occupation tax of P75.00 pursuant to Section 12(a) of Presidential Decree No. 231 otherwise known as the Local Tax Code. Moreover, income payments to said insurance agent are subject to the expanded withholding tax of 5% under Section 1(a)(7) of Revenue Regulations No. 13-76 as amended by Revenue Regulations No. 6-79, implementing Section 53(f) of the Tax Code as amended by P.D. No. 1351. aisadc Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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