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election for Personal Assessment

Should I, as a partner of a partnership business, make an election for Personal Assessment in my own Tax Return - Individuals (BIR60) even if I have stated my intention of election for Personal Assessment

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Byron
 

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Yes. You should make an election for Personal Assessment in your own Tax Return - Individuals (BIR60). If the proprietor or partner who is required to complete a BIR60 does not make a valid election in the BIR60, the election in Item 6.2 will be ignored and profits tax demand note may be issued if it is a profit case.

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Mike
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