Summary
RMO No. 04-2024 creates Alphanumeric Tax Codes (ATC) for Creditable Withholding Tax on gross remittances of e-marketplace operators and digital financial services providers to sellers and merchants under RR No. 16-2023.
Key points
- New ATCs and rate. ATC WI760 is for individual sellers and WC760 is for corporate sellers. The rate is 1% on one-half (1/2) of the gross remittances for goods or services sold or paid through the platform or facility.
- Legal basis and forms. The legal basis is RR No. 16-2023, and the BIR forms are 1601-EQ and 2307.
Who is affected
- E-marketplace operators and digital financial services providers
- Individual and corporate sellers and merchants
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.