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.
Key points
- 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.
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