FacebookXInstagramLinkedIn

digital financial services

Revenue Regulations No. 5-2025

2026-06-17T10:44:19+08:00

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 [...]

Revenue Regulations No. 5-20252026-06-17T10:44:19+08:00

Revenue Memorandum Circular No. 55-2024

2024-04-19T17:23:42+08:00

The provisions of Revenue Memorandum Circular (RMC) No. -2024 allowed the electronic marketplace operators and digital financial services providers a transitory period of ninety (90) days form the date of its issue to comply with the relative policies or requirements of other government agencies, if any, and to give them an opportunity to adjust and properly comply with the provisions of Revenue Regulations (RR) No. 16-2023 prior to the actual imposition of the prescribed withholding tax. In order to provide the said taxpayers a sufficient time to comply and adjust to the requirements of RR No. 16-2023 and other government agencies, [...]

Revenue Memorandum Circular No. 55-20242024-04-19T17:23:42+08:00
Go to Top