Amending Revenue Regulations No. 6-85

September 12, 1985 REVENUE REGULATIONS NO. 08-85 SUBJECT : Amending Revenue Regulations No. 6-85 TO : All Internal Revenue Officers and Others Concerned Pursuant to the provisions of Section 326, in relation to Section 53(f) both of the National Internal Revenue Code, the following regulations are hereby promulgated to amend Revenue Regulations No. 6-85 otherwise known as the Revised and Consolidated Expanded Withholding Tax Regulations. SECTION 1 . Section 1(e) 2(E) of Revenue Regulations No. 6-85 is hereby amended to read as follows: cdt "(e) Transportation contractors, WHICH INCLUDE COMMON CARRIERS, for the carriage of goods and merchandise of whatever kind by land, air or water, PROVIDED THAT THE FREIGHT PAYMENT FOR SUCH SHIPMENT IS FIVE THOUSAND PESOS (P5,000) OR MORE." SECTION 2 . Taxes already withheld on freight payments in the amount of less than P5,000.00 for any particular shipment should be given/returned to their respective payees. (SGD.) CESAR E.A. VIRATA Minister of Finance Recommended by: (SGD.) RUBEN B. ANCHETA Acting Commissioner