Termination of the Occupation Subject to a Fixed Tax

May 5, 1960 BIR RULING NO. 224-60 Mr. Jose V. Arandon P. O. Box 192 Bacolod City S i r : In answer to your letter dated January 7, 1960, please be informed as follows: When an occupation subject to a fixed tax is, at any time, terminated, the tax shall not be enacted for a longer period than to the end of the semester. (Sec. 181, Tax Code). Hence, if the insurance agent referred to in your letter did not act as such during the second semester of 1958 because of the termination of his authority, he is not required to pay the fixed tax for said period although he may have resumed the pursuit of his occupation in 1959 upon renewal of his authority. An insurance agent who ceases in the pursuit of his occupation has to file only a written notice to that effect with the Commissioner of Internal Revenue within ten days from the date of the termination of his (the agent's) occupation. cdtech Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue