List of additional and delisted Top Withholding Agents now available
(Revenue Memorandum Circular No. 88-2021 issued on July 16, 2021)
This Tax Alert is issued to inform all concerned on the latest published lists of additional and delisted Top Withholding Agents (TWAs) who are required to deduct and remit the one percent (1%) or two percent (2%) Creditable Withholding Tax (CWT) from the income payments to suppliers of goods and services, respectively.
The obligation to deduct and remit the 1% and 2% CWT shall commence or cease , as the case may be, starting on August 1, 2021.
As a separate documentary proof for being identified as a TWA, the TWA may file a written request for certification as such with the Revenue District Office (RDO) where a concerned withholding agent is duly registered.
The lists can be accessed through the link below: