Payments to Professional Partnership of CPAs for Professional Services Rendered are Exempt from Withholding Under Revenue Regulations No. 6-85
BIR Ruling No. 411-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 23, 1987
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December 23, 1987 BIR RULING NO. 411-87 51 (b) 142-84 411-87 Gentlemen : In reply to your letter dated September 23, 1987, please be informed that your professional partnership of Certified Public Accountants 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 51(b) of the Tax Code, as amended by Executive Order No. 37. atdc Very truly yours, (SGD.) EUFRACIO D. SANTOS Officer-in-Charge
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