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Revenue Regulations No. 2-2010

AMENDMENT TO SECTIONS 6 AND 7 OF REVENUE REGULATIONS NO. 16-2008 WITH RESPECT TO THE DETERMINATION OF THE OPTIONAL STANDARD DEDUCTION (OSD) OF GENERAL PROFESSIONAL PARTNERSHIPS (GPPs) AND THE PARTNERS THEREOF, AS WELL AS THE MANNER AND PERIOD FOR MAKING THE ELECTION TO CLAIM OSD IN THE INCOME TAX RETURNS.

RR No. 2-2010 | 2010-02-18

REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
 
Quezon City
 
February 18, 2010
 
REVENUE REGULATIONS NO. 2-2010
 
SUBJECT: AMENDMENT TO SECTIONS 6 AND 7 OF REVENUE REGULATIONS NO. 16-2008 WITH RESPECT TO THE DETERMINATION OF THE OPTIONAL STANDARD DEDUCTION (OSD) OF GENERAL PROFESSIONAL PARTNERSHIPS (GPPs) AND THE PARTNERS THEREOF, AS WELL AS THE MANNER AND PERIOD FOR MAKING THE ELECTION TO CLAIM OSD IN THE INCOME TAX RETURNS.
 
TO: ALL REVENUE OFFICERS AND OTHERS CONCERNED
 
SECTION 1. SCOPE. – Pursuant to the provisions of Sec. 244, in relation to Sec. 3 of
Republic Act No. 9504 (RA...