Summary
RMO No. 49-2024 creates an Alphanumeric Tax Code (ATC) for Final Withholding Tax representing Franchise Tax on payments to a non-resident foreign corporation supplier of PAGCOR, under RR No. 2-98.
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Key points
- New ATC. ATC WC810 covers the final tax representing Franchise Tax on payments to a Non-resident Foreign Corporation supplier of PAGCOR related to its gaming operations.
- Rate, basis and form. The tax rate is 5%, the legal basis is RR No. 2-98, and the BIR form is 1601-FQ/2306.
Who is affected
- Non-resident foreign corporation suppliers of PAGCOR
- Payors to those suppliers
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.