Summary
RMC No. 15-2024 prescribes temporary use of BIR Form No. 0605 to remit Creditable Withholding Tax (CWT) by Joint Ventures/Consortiums under RR No. 14-2023, until the revised BIR Form No. 1601-EQ is final.
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Key points
- How to file. BIR Form No. 0605 (Payment Form) is accomplished only through the eFPS or the eBIRForms Package facility.
- Fields to fill out. Use ATC MC200 and Tax Type WE. Under Manner of Payment, tick OTHERS (Specify) and indicate Income Payment for goods – 1%, Income payment for services – 2%, and/or Distributive Share of Co-venturer – 15%.
- Payment. Pay through the BIR online payment facilities, or over the counter at Authorized Agent Banks or with Revenue Collection Agents of the RDO where registered.
- Revised 1601-EQ. The revised BIR Form No. 1601-EQ will include the additional ATCs for the new CWT rates. Its availability will be announced in another Revenue Memorandum Circular.
Who is affected
- Joint ventures and consortiums subject to RR No. 14-2023
Deadlines and effectivity
- Temporary use until the revised BIR Form No. 1601-EQ is announced
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.