Income Tax Exemption on Practice of Law Profession
BIR Ruling No. 439-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 13, 1988
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September 13, 1988 BIR RULING NO. 439-88 50-b 411-87 439-88 Gentlemen : In reply to your letter dated August 8, 1988, please be informed that your general professional partnership formed for the purpose of practicing the law profession 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 Regulation No. 6-85 otherwise known as the Revised and Consolidated Expanded Withholding Tax Regulations implementing Section 50(b) of the Tax Code, as amended. cdtech Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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