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Philippine Bar review · Question

Practice question: Professional Income

Multiple Choice Easy

Practice question

Is the professional category in RR 8-2018 limited solely to doctors and lawyers?
  1. Yes, every other profession is excluded
  2. Yes, only licensed lawyers can earn fees
  3. Only incorporated clinics can qualify
  4. Only government employees can qualify
  5. No; it also includes the stated independent professional, artistic, sporting and similar activities

Legal references

  • BIR Revenue Regulations 8-2018, compensation, minimum-wage and professional/GPP rules, read with subsequent amendments: https://bir-cdn.bir.gov.ph/local/pdf/RR%20No.%208-2018.pdf

Answer this question in flashcards to review your response and continue practicing.