BIR Ruling No. 128-83
BIR Ruling No. 128-83 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 12, 1983
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July 12, 1983 BIR RULING NO. 128-83 S i r : In reply to your letter dated May 23, 1983, please be informed that under Revenue Regulations No. 13-78 as amended by Revenue Regulations No. 6-79, implementing Section 53(f) of the Tax Code, as amended by Presidential Decree No. 1351, only income payments to persons enumerated therein are subject to the expanded withholding tax. Accordingly, since individuals who furnish insurance agents information as to possible insurance prospects are not among those enumerated in said regulations, money payments to them for services rendered as such are not subject to the expanded withholding tax. However, since the aforesaid income payments are not subject to withholding, the insurance agent should render an information return on such payments, pursuant to Section 77 of the Tax Code, as amended by Batas Pambansa Blg. 135 and as implemented by Section 21 of Revenue Regulations No. 1-82 dated March 18, 1982. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue
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