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rr04_07 - REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE...

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1 REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE May 7, 2004 REVENUE REGULATIONS NO. 7-2004 SUBJECT : Implementing Section 109 (bb) and (cc) of the National Internal Revenue Code, as Amended by Republic Act No. 9238, Excluding Services Rendered by Doctors of Medicine duly Registered with the Professional Regulatory Commission (PRC), and Services Rendered by Lawyers Duly Registered with the Integrated Bar of the Philippines (IBP) from the Coverage of Value Added Tax. TO : All Internal Revenue Officers and Others Concerned. ________________________________________________________________________ SECTION 1. SCOPE. – Pursuant to the provisions of Section 244 and 109 (bb) and (cc) of the National Internal Revenue Code of 1997 (Code), in relation to Section 5 of Republic Act No. 8424, as last amended by Section 2 of Republic Act No. 9238, these Regulations are hereby promulgated to amend certain provisions of Revenue Regulations No. 1-2003, as last amended by RR No. 11-2003, governing the imposition of Value Added Tax (VAT) on the sale of services by persons engaged in the practice of profession or calling and professional services rendered by general professional partnerships, in order to exclude from its coverage services rendered by doctors of medicine duly Registered with the Professional Regulatory Commission (PRC), and services rendered by lawyers duly registered with the Integrated Bar of the Philippines (IBP) from value added tax. SEC. 2. COVERAGE. - Beginning January 1, 2004, medical services rendered by doctors of medicine duly registered with the Professional Regulatory Commission (PRC) and legal services rendered by lawyers duly registered with the Integrated Bar of the Philippines (IBP) shall no longer be subject to value added tax. Services rendered by doctors of medicine specifically excluded from the coverage of value added tax under Section 109(bb) of the Code, are limited to services rendered by
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