Tax Liability of an Insurance Agent
BIR Ruling No. 181-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 23, 1959
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March 23, 1959 BIR RULING NO. 181-59 Atty. Concepcion N. Amamanglon 257-B Jalandoni Iloilo City Madame : With reference to the query propounded in your letter dated March 5, 1959, I have the honor to inform you that Section 182(C)(1) which provides that "Persons whose gross monthly sales or receipts do not exceed two hundred pesos" refers only to the exemption from the fixed tax of persons whose businesses are subject to percentage taxes. Accordingly, your occupation as insurance agent not being subject to percentage tax does not exempt you from paying the fixed tax under Section 182(B)(1) even if your gross monthly receipts do not exceed two hundred pesos. Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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