Summary
RMC No. 80-2022 circularizes the additional list of Withholding Agents required to deduct and remit 1% or 2% Creditable Withholding Tax on purchases of goods and services under RR No. 31-2020, and the list of agents to be deleted.
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Key points
- Lists posted. The additional List of Withholding Agents (TWAs) and the List for deletion from the existing list are posted on the BIR website (www.bir.gov.ph).
- Effect on the obligation. The duty to deduct and remit the 1% and 2% CWT from payments to suppliers of goods and services continues, starts or ceases, as the case may be.
- Taxpayers not listed. A taxpayer not found in any published list is deemed excluded and is not required to deduct and remit the 1% or 2% CWT under RR No. 31-2020.
Who is affected
- Taxpayers named in the lists of Withholding Agents (TWAs)
Deadlines and effectivity
- Effective July 1, 2022
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.