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RMO No. 02-2007: Prescribes the updated policies and procedures for processing and monitoring of withholding tax payments from National Government Agencies

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Summary

RMO No. 02-2007 prescribes updated policies and procedures for processing and monitoring withholding tax payments from National Government Agencies (NGAs).

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Key points

  1. Issuing blank TRAs. The Withholding Tax Division issues blank Tax Remittance Advice (TRA) forms to the Administrative Division of each Revenue Region for distribution to Revenue District Offices (RDOs), and strictly monitors their use. RDOs issue blank TRAs to NGAs on requisition, and ensure all NGAs are registered and comply with withholding tax rules.
  2. Filing by NGAs. NGAs prepare a separate TRA for each Withholding Tax Return (WTR) they file. RDOs accept only WTRs supported by TRAs with serially numbered Weekly Compliance and Alphalist of NGAs.
  3. Recording collections. The Finance Division takes up as collections the amounts in TRAs stamped Received by the Bureau of Treasury Provincial or Regional Offices. It records collections based on TRAs with the serially numbered Weekly Compliance and Alphalist.
  4. Verification and audit. All WTRs filed by NGAs remain subject to regular verification and audit.

Who is affected

  • National Government Agencies
  • Revenue District Offices, Withholding Tax Division and Finance Division

Deadlines and effectivity

  • Issued March 26, 2007

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (5)

Cites, Cited by CollapseExpand
CitesRMO No. 27-2001RMO No. 32-2000RMO No. 79-99
Cited byRMC No. 17-2012RMO No. 30-2014

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.