Income payments subject to creditable withholding tax rates

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 [...]