the BIR issued Revenue Memorandum Circular (RMC) No. 1-2018, where the expanded withholding tax (EWT) rate for individual professionals was reduced to 8% regardless of the total gross income earned ...

This after the BIR created a separate sub-section for ... supplier of services other than those covered by other rates of withholding tax.

MANILA, Philippines - The Bureau of Internal Revenue (BIR) has issued a circular clarifying the withholding tax rates on income and dividend payments received by Filipinos and foreigners.

the Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 1-2018 which states that starting January 1, 2018, the creditable withholding tax rate on income payments to ...

Under BIR regulation, a withholding tax of 1% will be imposed on one-half of ... P500,000 or if the seller is duly exempt from or subject to a lower income tax rate pursuant to any existing law or ...

Henares issued Revenue Memorandum Circular 73-2014 determining the taxpayer involved as payees when withholding agents ... and imposes the corresponding tax rate on such dividend income based ...

In the case of withholding agents that withheld taxes but did not remit them to the BIR, they will pay 100 percent of the basic tax assessed. “The tax amnesty rate of 100 percent… shall apply ...

such provision of goods and services to Pagcor is subject to VAT at zero-rate,” Dulay said. Dulay added that e-sabong operators’ franchise taxes must be remitted directly to the BIR ...