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RMC No. 69-2003: Clarifies the tax base for purposes of the percentage (gross receipts) tax.

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Summary

RMC No. 69-2003 clarifies the tax base for the percentage (gross receipts) tax imposed under Sections 121 and 122 of the Tax Code.

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Key points

  1. Tax base. The tax is based on the gross amount, including the final withholding tax used to extinguish the recipient’s income tax liability on the income.

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

Related issuances (1)

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CitesRMC No. 51-2002

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.