New list of additional and delisted Top Withholding Agents now available
(Revenue Memorandum Circular No. 27-2022 issued on March 16, 2022)
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/expanded withholding tax (CWT) from the income payments to suppliers of goods and services, respectively.
For those included in the list, the obligation to deduct and remit the 1% and 2% CWT shall commence or cease, as the case may be, starting on April 1, 2022.
Individual written notices shall be issued duly signed by the Revenue District Officer and served to the BIR-registered address of the additional TWAs.
The lists can be accessed through the link below:
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