revenue_regulation RR No. 24-2025RR No. 24-2025 2025-09-25

RR No. 24-2025 — Further amending the pertinent provisions of Section 2.57.2.(I) under RR No. 2-98, as amended by RR No. 11-2018, RR No. 7-2019 and RR No. 31-2020, on the imposition of Creditable Withholding Tax on Top Withholding Agents (Date Posted: September 25, 2025)

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Bringing In Revenues for Nation-Building Quezon City SEP 2 5. 2025 PILIPINAS BAGONG

REVENUE REGULATIONS NO. 0 2 4 - 2 0 25

SUBJECT: Further Amending the Pertinent Provisions of Section 2.57.2.(I) under Revenue Regulations (RR) No. 2-98, as Amended by RR No. 11-2018, RR

No. 7-2019 and RR No. 31-2020, on the Imposition of Creditable Withholding Tax on Top Withholding Agents

TO :All Internal Revenue Officials, Employees and Others Concerned

SECTION 1.SCOPE. -- Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code (NIRC) of 1997, as amended, these Regulations are hereby promulgated to further amend Section 2.57.2.(I) of Revenue Regulations (RR) No. 2-98, as amended by RR No. 11-2018, on the imposition of creditable withholding tax for top withholding agents.

SECTION 2. AMENDATORY PROVISIONS.- The pertinent provisions of Section 2 of RR No. 2-98, as amended, are hereby further amended to read as follows:

"SECTION 2.57.2. Income Payments Subject to Creditable Withholding Tax and Rates Prescribed Thereon. Except as herein otherwise provided, xxx.

XXXXXX XXX

( Income payment made by top withholding agents, either private

corporations or individuals, to their local/resident supplier of goods and local/resident supplier of services other than those covered by other rates of withholding tax. [formerly under letters M and (W]- Income payments made by any of the top withholding agents, including non-resident aliens engaged in

BUREAU OFINTERNALREVEN WT DIVISION trade or business in the Philippines, shall be subjected to the following withholding tax rates:

SEP 2 5 2025 Supplier of services-- Two percent (2%) Supplier of goods - One percent (1%

anv M 3.2Cpm Provided. however, that. for gross payments to the manufacturers

and direct importers. whether by individuals or corporations. of the following goods intended for wholesale. the tax of one-half percent (1/2%) shall be imposed instead:

BIR National Office Bldg., Senator Miriam Defensor-Santiago Avenue, Diliman, Quezon City Trunkline: 8981-7000 ; 8929-7676 Website:www.bir.gov.ph

a) motor vehicles in Completely Built Units (CBUs) or

Semi-Knockdown (SKD) units, motor vehicle parts and accessories:

b) medicine/pharmaceutical products: and

c) solid or liquid fuels and related products.

XXXXXX XXX

SEC.3. REPEALING CLAUSE.- All other issuances and rules and regulations or parts thereof which are contrary to and inconsistent with any provisions of these Regulations are hereby repealed, amended, or modified accordingly.

SEC.4.EFFECTIVITY.- These Regulations shall take effect fifteen(15) days following its publication in the Official Gazette or the BIR official website, whichever comes first.

RALPH RECTO Setretaryof/Finance 1 6 SEP 2025

Recommending Approval:

ROME6D.LUMAGUI, JR. Commissioner of Internal Revenue BUREAUOFINTERNALREVENL ORSMGn ATTMN

J5 SEP 2 5 2025

E ADMINUR 3:2T pm

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