Summary
RMC No. 85-2012 reminds withholding agents to issue a withholding tax statement for taxes withheld at source, whether final or creditable.
Key points
- Regular statements. The statement is issued within 20 days following the close of the taxable quarter.
- Final withholding taxes. For Final Withholding Taxes, the statement is given to the payee on or before January 31 of the succeeding year.
Who is affected
- Withholding agents
- Payees of final or creditable withholding taxes
Deadlines and effectivity
- Within 20 days following the close of the taxable quarter
- Final Withholding Taxes: on or before January 31 of the succeeding year
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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