REVENUE MEMORANDUM CIRCULAR NO. 60-2014 issued on July 24, 2014 clarifies the applicability of Revenue Memorandum Circular (RMC) No. 8-2014 to General Professional Partnership (GPP) in relation to RMC No. 3-2012.

         The requirement to present tax exemption certificate or ruling pursuant to RMC No. 8-2014 does not apply to GPPs. RMC No. 3-2012 sufficiently discussed that income payments made to a GPP in consideration for its professional services are not subject to Income Tax and consequently to Withholding Tax prescribed in Revenue Regulations No. 2-1998, as amended.