Summary
RMO No. 11-2009 modifies the descriptions of Alphanumeric Tax Codes (ATCs) WI/WC 158 and WI/WC 160 for income payments subject to Creditable Withholding Tax, as implemented by Revenue Regulations No. 14-2008.
Key points
- WI/WC 158. The description changes from income payments made by Top 10,000 private corporations to their local/resident supplier of goods, to the same payments made by Top 20,000 private corporations.
- WI/WC 160. The description changes from income payments made by Top 10,000 private corporations to their local/resident supplier of services, to the same payments made by Top 20,000 private corporations.
Who is affected
- Top 20,000 private corporations making payments to local/resident suppliers of goods and services
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.