BIR Issuances – RMO 4-2024
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.
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