BIR Ruling No. 411-61

No date supplied BIR RULING NO. 411-61 Reference is made to the letter . . . of MR. R. A. Zarate, Philippine American Insurance Co., copy of which was referred to this Office for comment, requesting information whether or not insurance agents are required to register their business name or style with the Bureau of Internal Revenue. Pursuant to Section 203 of the National Internal Revenue Code, every person engaged in any business or occupation on which a privilege tax is imposed shall, on or before the commencement of his business or occupation and within ten (10) days after securing his privilege tax receipt, register with the provincial revenue officer or, in case no provincial revenue officer is assigned to the place, with the collection agent his name or style, place of residence, business or occupation, and the place where such business or occupation is carried on. In case of a firm, the names and residences of the various persons constituting the same shall also be registered. Such being the case, and considering that insurance agents are persons engaged in an occupation subject to a privilege tax, they are legally bound to register their business name or style in accordance with said Section 203. LLjur