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.
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.
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