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[Ask the Tax Whiz] Who are required to withhold tax on online transactions?

The Philippine Tax Whiz discusses the recently issued Revenue Memorandum Circular No. 8-2024 which clarifies the imposition of 1% withholding tax on gross remittances made by e-marketplace operators and digital financial services providers to sellers/merchants pursuant to Revenue Regulations No. 16-2023

Tax highlights in 2023 | Atty Mabel L Buted

Happy Holidays! As the year 2023 is coming to an end, let us take a look back on the significant tax updates for the whole year. On January 1, 2023, individual taxpayers started to enjoy lower tax rates on their income. Those who were previously taxed at 20 percent to…

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