RMC No. 55-2024 — Extension of the ninety-day period for the actual imposition of Withholding Tax on Gross Remittances made by electronic marketplace operators and digital financial services providers to sellers/merchants prescribed under Revenue Regulations No. 16-2023

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE National Office Building Quezon City BUREAU OF INTERNAL REVENUE RECORDS MGT DIVISION R30 M APR 15 20?4 T NR

APR 1 5 2024

REVENUE MEMORANDUM CIRCULAR NO. 55-ZO1

SUBJECT: Extension of the Ninety-Day Period for the Actual Imposition of Withholding Tax on Gross Remittances Made by Electronic Marketplace

Prescribed under Revenue Regulations No. 16-2023 Operators and Digital Financial Services Providers to Sellers/Merchants

TO : All Revenue Officials, Employees and Others Concerned

The provisions of Revenue Memorandum Circular (RMC) No. 8-2024 allowed the electronic marketplace operators and digital financial services providers a transitory period of

of other government agencies, if any, and to give them an opportunity to adjust and properly ninety (90) days from the date of its issue to comply with the relative policies or requirements

imposition of the prescribed creditable withholding tax. comply with the provisions of Revenue Regulations (RR) No. 16-2023 prior to the actual

requirements of RR No. 16-2023 and other government agencies, if any, the prescribed In order to provide the said taxpayers a sufficient time to comply and adjust to the

transitory period is hereby extended to an additional ninety (90) days or until July 14, 2024.

Circular as wide a publicity as possible. All revenue officials, employees, and others concerned are hereby enjoined to give this

LUMaguI, Jr. missioner of Internal Revenue

J-5