Yearly Archives: 2022

Circularizing the Lists of Withholding Agents Required to Deduct and Remit

Revenue Memorandum Circular No. 27-2022 In connection with the newly prescribed criteria set forth under Revenue Regulations (RR) No. 31-2020 in identifying the Top Withholding Agents (TWAs) of each Revenue District Offices (RDOs), this Circular is hereby issued to circularize the recently published lists of withholding agents for inclusion to the existing list, of TWAs…

DOF proposes centralized collection system via BIR

The Department of Finance (DOF) has proposed that all government collection – whether taxes or contributions – be coursed through the Bureau of Internal Revenue (BIR) as part of efforts to centralize business transactions in the country. Finance Secretary Carlos Dominguez said the DOF is looking into models on how to improve the efficiency of…