Publishing the Revised Withholding Regulations No. 6-82 on Compensation Income

October 1, 1982 REVENUE MEMORANDUM CIRCULAR NO. 26-82 SUBJECT : Publishing the Revised Withholding Regulations No. 6-82 on Compensation Income TO : All Internal Revenue Officers, Withholding Agents and Others Concerned For the information and guidance of all concerned, notice is hereby given that the regulations on compensation income had been revised, and shall be known as Revenue Regulations No. 6-82, effective October 1, 1982, the date of its approval. Its salient features are: cd 1. Year-end adjustment that will insure that the total amount of tax deducted and withheld by an employer is equal to the tax on the annualized compensation income of an employee, except in the cases of an employee having multiple employers, of employed husband and wife with separate employers, and other situations like the termination of employment during the taxable year; 2. Appropriate tables and guidelines for the computation of tax to be withheld on compensation of citizens for services rendered outside the Philippines; cd i 3. Calculation in cases where substantial and irregular supplementary compensation is paid; and 4. Needful clarifications. RUBEN B. ANCHETA Acting Commissioner TAN: A5239-J1139-A-O