General Professional Partnership Formed for the Purpose of Practising Architecture is Exempt from Income Tax
BIR Ruling No. 178-92 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 29, 1992
Full text
May 29, 1992 BIR RULING NO. 178-92 50 (b) 439-88 178-92 Leandro V. Locsin & Partners Locsin Building Ayala Avenue corner Makati Avenue Makati, Metro Manila Attention: Mr . Ruben M . Protacio Partner Gentlemen : In reply to your letter dated April 27, 1992, please be informed that your general professional partnership formed for the purpose of practising architecture is exempt from income tax pursuant to Section 24(a) of the Tax Code, as amended. Accordingly, payments to said partnership for professional services rendered are exempt from the withholding tax provisions of Revenue Regulations No. 6-85 otherwise known as the Revised and Consolidated Expanded Withholding Tax Regulations implementing Section 50(b) of the Tax Code, as amended. Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
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