Brokers are Not Employees of Their Principals
BIR Ruling No. 626-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 10, 1958
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October 10, 1958 BIR RULING NO. 626-58 Mr. Vicente M. de los Reyes R-206 G. Woe Sit Building Zamboanga City S i r : In reply to your letter dated July 9, 1958, I have the honor to inform you that brokers are not employees of their principals. Such being the case, no tax need be withheld by principals from the commissions they pay to brokers. LibLex Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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