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What is Withholding Tax Regulations Update about?

This document summarizes amendments made to Philippine revenue regulations regarding tax withholding rates, tax return deadlines, and reporting requirements for talent fees. Specifically, it lowers withholding tax rates on certain income payments to 10-20% and requires recipients of talent fees to disclose gross incomes annually to determine the applicable rate. It also defers new deadlines for selected tax returns and mandates issuing certificates of tax withheld to payees.

Author

matinikki

Language

EN