Summary
RMO No. 12-2024 creates an Alphanumeric Tax Code (ATC) for Final Withholding Tax on gross income of foreign nationals employed and assigned in the Philippines by an offshore gaming license, pursuant to Revenue Regulations No. 20-2021.
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Key points
- ATC WI750. It covers gross income earned by foreign nationals or non-Filipino citizens, regardless of residency, who are employed and assigned in the Philippines by an Offshore Gaming Licensee or its Accredited Service Provider.
- Rate, basis and forms. The rate is 25%. The legal basis is R.A. No. 11590 and RR No. 20-2024, and the BIR forms are 1601-FQ and 2306.
Who is affected
- Foreign nationals employed and assigned in the Philippines by an Offshore Gaming Licensee or its Accredited Service Provider
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.