Creation of Alphanumeric Tax Code (ATC) for Creditable Withholding Tax on Gross Remittances Made by Electronic Marketplace Operators and Digital Financial Services Providers to Sellers/Merchants
Revenue Memorandum Order No. 4-2024 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Orders • Jan 19, 2024
Full text
January 19, 2024 REVENUE MEMORANDUM ORDER NO. 4-2024 SUBJECT : Creation of Alphanumeric Tax Code (ATC) for Creditable Withholding Tax on Gross Remittances Made by Electronic Marketplace Operators and Digital Financial Services Providers to Sellers/Merchants TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE: To facilitate the proper identification and monitoring of payment for creditable withholding tax on gross remittances made by electronic marketplace (e-marketplace) operators and digital financial services providers to sellers/merchants pursuant to the issuance of Revenue Regulations (RR) No. 16-2023, the following ATCs are hereby created: ATICcS ATC Description Tax Rate Legal Basis BIR Form No. On one-half (1/2) of the gross remittances by e-marketplace operators and digital financial services providers to the sellers/merchants for the goods or services sold/paid through their platform/facility 1% RR No. 16-2023 1601-EQ/2307 W1760 Individual WC760 Corporate II. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. EFFECTIVITY: This RMO shall take effect immediately. (SGD.) ROMEO D. LUMAGUI, JR. Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.