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RMC No. 123-2022 Clarification on the Provision of Revenue Regulations No. 123-2022


RMC No. 123-2022 

Circular is hereby issued to address and provide uniform answers to the numerous issues and concerns of both internal and external stakeholders relative to the recently issued Revenue Regulations (RR) No. 6-2022 regarding the removal of the five (5) - year validity period on receipts/invoices. 






 

RMC No. 8-2024 Clarifies the provisions of Revenue Regulations No. 16-2023


RMC No. 8-2024


Revenue Regulations (RR) No. 16-2023 , which further amended RR No. 2-98, was issued to impose a withholding tax on gross remittances made by electronic marketplace (e-marketplace) operators and digital financial services providers (DFSP) to sellers/merchants.


This Circular is hereby issued for the guidance of all concerned to prescribe the timeline and implementation procedures of RR No. 16-2023 in compliance with Section 3 of the said RR, and to address the potential issues and concerns which may arise from the implementation thereof.









 

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