This Revenue Regulation issued on February 27, 2025 amends Revenue Regulations No. 2-98 relative to the Withholding Tax Rates on certain income payments subject to Creditable Withholding Tax Pursuant to Section 57 of the National Internal Revenue Code of 1997, as amended by Republic Act No. 12066 (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy or CREATE MORE Act).
Section 2.57.2 (H) and (X) of RR No. 2-98, as renumbered and amended by RR No. 11-18 and RR No. 16-23, respectively, are hereby further amended to read as follows:
“Sec. 2.57.2. Income payments subject to creditable withholding tax rates prescribed thereon.-
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(H) Certain income payments made by credit card companies – On the gross amounts paid by any credit card company in the Philippines to any business entity whether a natural or juridical person, representing the sales of goods/services made by the aforesaid business entity to cardholders – One-half percent (1/2%).
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(X) Remittances of Electronic Marketplace Operators and Digital Services Providers to Merchants – On the gross remittances by e-marketplace operators and digital financial services providers to the sellers/merchants for the goods or services sold/paid through their platform/facility – One-half percent (1/2%).