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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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