Summary
RMC No. 27-2022 circularizes the newly published lists of additional Top Withholding Agents (TWAs) required to deduct and remit the 1% or 2% Creditable Withholding Tax under RR No. 31-2020.
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Key points
- Lists published. The lists are added to the existing List of Top Withholding Agents and are posted on the BIR website (www.bir.gov.ph). The agents deduct and remit 1% on payments to suppliers of goods and 2% on payments to suppliers of services.
- Start of obligation. The duty to deduct and remit for these additional TWAs starts on April 1, 2022. Taxpayers not in the published list are not required to deduct and remit the 1% or 2% CWT under RR No. 31-2020.
- Notice to agents. Individual written notices signed by the Revenue District Officer are served to the BIR-registered addresses of the additional TWAs.
Who is affected
- Additional Top Withholding Agents named in the published lists
Deadlines and effectivity
- Obligation starts April 1, 2022
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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.