RMC No. 136-2019: Circularizes the names of taxpayers who are included or deleted from the List of Withholding Agents who qualify to the criteria prescribed under Revenue Regulations No. 7-2019 for purposes of the 1% or 2% Creditable Withholding Taxes on purchases of goods and services

Key points

1. Where the lists are posted. The lists are posted on the BIR website (www.bir.gov.ph).
2. Effectivity. The obligation to deduct and remit the CWTs continues, starts or ceases effective January 1, 2020.
3. Taxpayers not on the list. A taxpayer not in the updated List of Withholding Agents is deemed excluded. It is not required to deduct and remit the 1% or 2% CWTs on its purchases of goods and services.

Who is affected

• Withholding agents included in or deleted from the list

Deadlines and effectivity

• Effective January 1, 2020