RMC No. 88-2021 — Circularizes the Lists of Withholding Agents required to deduct and remit the 1% or 2% Creditable Withholding Tax for the purchase of goods and services under Revenue Regulations No. 31-2020 Digest | Full Text

REPUBLIC OF THE PHILIPPINES EITREA-u oFm;ilT DEPARTMENT OF FINANCE JUL 16 BUREAU OF INTERNAL REVENUE Quezon City Ds MGr. olvrsrtril June 29,2021 REvEr{uE MEMoRANDUM cTRCULAR No. 99' ne.t SUBJECT Circularizing the Lists of Withholding Agents Required to Deduct and Remit the loh or 2o/o Creditable Withholding Tax for the Purchase of Goods and Services under Revenue Regulations No. 3l-2020. TO All Revenue Officials, Employees and Others Concemed In connection with the newly prescribed criteria set forth under Revenue Regulations (RR) No. 3l-2020 in identifying the Top Withholding Agents (TWAs) of each Revenue District Offices, this Circular is hereby issued to circularize the recently published lists of withholding agents for inclusion to and deletion from the existing list of TWAs who are required to deduct and remit either the one percent (1%) or two percent (2%) Creditable Withholding Tax (CWT) from the income payments to their suppliers of goods and services, respectively. Please visit the BIR's website at www.bir.gov.ph where the lists are posted and provided with search facility for the convenience of all concemed. Accordingly, the obligation to deduct and remit to this Bureau the 1o/o and 2oh CWT shall continue. commence or cease, as the case may be, effective Aueust 1. 2021. Any taxpayer not found in the published list of TWAs is deemed excluded and therefore not required to deduct and remit the lo/o or 2Yo CWT pursuant to the abovementioned RR. Moreover, for purposes of uniformity and in compliance with the policy of ease of doing business with this Bureau, any written request by the taxpayers as a separate documentary proof for being identified as TWAs, despite the publication in the newspaper of general circulation being deemed sufficient, shall be filed with the Revenue District Office and the corresponding Cerlification issued by its Revenue District Officer where the concerned withholding agent is duly registered. All revenue officers and employees are hereby enjoined to give this Circular as wide a publicity as possible. -/CfAfEiS\A^R4R.+DU1LAY Commissioner of Internal Revenue J-5 044 0 4 S 9,L3c^ &