Expanded Withholding Tax on Payments to Persons Enumerated in RR No. 6-85
BIR Ruling No. 492-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 12, 1988
Full text
October 12, 1988 BIR RULING NO. 492-88 50 (b) 328-87 492-88 Gentlemen : In reply to your letter dated August 15, 1988, I have the honor to inform you that payments only to persons enumerated in Revenue Regulations No. 6-85, implementing Section 50(b) of the Tax Code, as amended, are subject to the expanded withholding tax. Considering that payments to a magazine subscription agency are not among those specified in said Regulations, the payments to you as such agency by your magazine subscribers like the Philippine Deposit Insurance Corporation are not, therefore, subject to the expanded withholding tax. However, since the aforesaid payments are not subject to withholding tax, the payor shall render an information return on such payments pursuant to Section 61 (formerly Section 71) of the Tax Code, as amended by Batas Pambansa Blg. 135 and as implemented by Section 21 of Revenue Regulations No. 1-81 dated March 18, 1982. Very truly yours, (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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