RMC No. 70-2023 — 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

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE nNTN 1iN 22 2z { QE4c pm

National Office Building Quezon City ReCords Mgt. divisioN 1vGJt

June 15, 2023

REVENUE MEMORANDUM CIRCULAR NO. 7O - 2O 23

SUBJECT Circularizing 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.

TO All Revenue Officials, Employees and Others Concerned

Revenue Regulations No. 31-2020. Please visit the BIR's website at www.bir.gov.ph where inclusion to and deletion from the existing list of withholding agents required to deduct and remit either the one percent (1%) or two percent (2%) CreditabIe Withholding Tax (CWT) the lists are posted and provided with search facility for the convenience of all concerned. from the income payments to their suppliers of goods and services, respectively, pursuant to This Circular is hereby issued to circularize the additional list of withholding agents for

Accordingly, the obligation to deduct and remit to this Bureau the 1% and 2% CWT

abovementioned RR. in the published list of TWAs is not required to deduct and remit the 1% or 2% CWT under the shall commence or cease, as the case may be, effective July 1, 2023. Any taxpayer not found

publicity as possible. All revenue officers and employees are hereby enjoined to give this Circular as wide a

ROMEO UMAGUI, JR. Compaissioner of Internal Revenue 010173

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i0. EAU oF internAl ReVeNu NterNAl coMNUnICatIONS DIViSION Grytas

JUN 22 2023

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