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The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular No. 03-2012 (RMC 03-12) to remind BIR officials and taxpayers alike of the proper tax treatment of income payments made to General Professional Partnerships (GPP), as well as the distributive shares of net profits received by the partners from such GPPs.
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                    [ColumnID] => 134573
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                    [AuthorID] => 1307270
                    [AuthorName] => Eric B. Javeloza
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GPPS

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The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular No. 03-2012 (RMC 03-12) to remind BIR officials and taxpayers alike of the proper tax treatment of income payments made to General Professional Partnerships (GPP), as well as the distributive shares of net profits received by the partners from such GPPs.
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abtest

Taxing the professionals

By Eric B. Javeloza | March 13, 2012 - 12:00am

The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular No. 03-2012 (RMC 03-12) to remind BIR officials and taxpayers alike of the proper tax treatment of income payments made to General...

Business