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RMC No. 79-2024: Further Extending the Transitory Period Prior to Actual Imposition of Withholding Tax on Gross Remittances Made by Digital Financial Services Providers to Sellers/Merchants Prescribed under Revenue Regulations No. 16-2023

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Summary

RMC No. 79-2024 further extends, until October 12, 2024, the transitory period before the actual imposition of withholding tax on gross remittances made by digital financial services providers to sellers/merchants under RR No. 16-2023.

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Key points

  1. Extended period. The transitory period under RR No. 16-2023 for digital financial services providers now runs until October 12, 2024.

Who is affected

  • Digital financial services providers
  • Sellers/merchants receiving remittances

Deadlines and effectivity

  • Transitory period extended until October 12, 2024

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (3)

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CitesRMC No. 55-2024RMC No. 8-2024RR No. 16-2023

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.