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EXPANDED WITHHOLDING TAX Tax Base in The Computation of 1% EWT and 6% Creditable VAT - The 1% Expanded Creditable Withholding Tax Imposed Under

The Bureau of Internal Revenue issued a ruling clarifying that the tax base for calculating the 1% expanded withholding tax and 6% creditable value-added tax on payments made by the government to sellers of services should include the total gross payment amount along with any commission privilege fund amount.

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110 views

EXPANDED WITHHOLDING TAX Tax Base in The Computation of 1% EWT and 6% Creditable VAT - The 1% Expanded Creditable Withholding Tax Imposed Under

The Bureau of Internal Revenue issued a ruling clarifying that the tax base for calculating the 1% expanded withholding tax and 6% creditable value-added tax on payments made by the government to sellers of services should include the total gross payment amount along with any commission privilege fund amount.

Uploaded by

nikiboigenius
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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EXPANDED WITHHOLDING TAX; Tax base in the computation of 1% EWT and

6% Creditable VAT - The 1% expanded creditable withholding tax imposed under


Section 1(e)(2)(I) of Revenue Regulations No. 6-85, as amended and the 6% creditable
VAT prescribed under Section 3 of Revenue Regulations No. 10-93 as payments made by
the Government to sellers of services shall be computed based on gross payments, which
means total payments inclusive of the Commission Privilege fund. (BIR Ruling No. 154-
98 dated October 19, 1998)

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