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Amendments to Withholding Tax Rates by Carlota Nicolas Villaroman is a document available to read on EtoBox.
What is Amendments to Withholding Tax Rates about?
The document summarizes Revenue Regulations No. 14-2018 which amends provisions of Revenue Regulations No. 11-2018 regarding withholding tax rates. It specifies the following rates: for individual payees, 5% if income is below 3M pesos and 10% if above; for non-individual payees, 10% if income is below 720k pesos and 15% if above. It also outlines procedures for payees to declare gross receipts to qualify for exemption and for payors to submit declarations and refund excess taxes withheld.
- Author
- Carlota Nicolas Villaroman
- Language
- EN