Conditions in the Exemption from Securing the Residence Tax B

March 22, 1960 BIR RULING NO. 140-60 Mr. Rosendo V. Donida Suite 418-A Regina Bldg. Escolta, Manila S i r : In reply to your query, I have the honor to inform you that an individual is not require to secure the annual additional residence tax (Residence Tax B) if: 1. The real property owned by him has a total assessed value of less than P15,000.00; 2. His total gross receipts or earnings derived by him from business during the preceding year is less than P15,000.00; and 3. His total salaries or gross receipts or earnings derived from the exercise of any profession or from the pursuit of any occupation during the preceding year is less than one thousand (P1,000.00) pesos. If a person is exempt from securing the residence tax B, such fact together with the basis of his exemption should be indicated on the document. In this connection, please be further informed that the enforcement of the provisions of the Notarial Act is not under the jurisdiction of this Office. It is suggested that your query regarding this matter be addressed to the Secretary of Justice. LLjur Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue