Summary
RMC No. 55-2024 extends by an additional ninety days, until July 14, 2024, the transitory period for withholding tax on gross remittances to sellers/merchants under Revenue Regulations No. 16-2023.
CollapseExpand
Key points
- Extended period. Electronic Marketplace Operators and Digital Financial Services Providers get the additional ninety-day period, or until July 14, 2024, to comply and adjust to the requirements of RR No. 16-2023 and those of other government agencies.
Who is affected
- Electronic Marketplace Operators
- Digital Financial Services Providers
Deadlines and effectivity
- Extended transitory period until July 14, 2024
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.