BIR Issuances – RMO 4-2024

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The BIR announced the Creation of Alphanumeric Tax Code (ATC) for Creditable Withholding Tax on Gross Remittances Made by Electronic Marketplace Operators and Digital Financial Services Providers to Sellers/Merchants

 

Revenue Memorandum Order (RMO) No. 4-2024

5 February 2024

To facilitate the proper identification and monitoring of payment for Creditable Withholding Tax on Gross Remittances made by Electronic Marketplace (e-marketplace) Operators and Digital Financial Services to sellers/merchants pursuant to the issuance of RR No. 16-2023, the following ATCs are hereby created:

ATC

Description

Tax Rate

Legal Basis

BIR Form No.

  On one-half (1/2) of the gross remittances by e-marketplace operators and digital financial services providers to the sellers/merchants for the goods or services sold/paid through their platform/facility 1% RR No. 16-2023 1601-EQ/2307
WI760 Individual
WC760 Corporate

REPEALING CLAUSE

This RMO revises portions of all other issuances inconsistent herewith.

EFFECTIVITY

This RMO shall take effect IMMEDIATELY.

RMO No. 4-2024.pdf

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