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REVENUE MEMORANDUM ORDER NO. 14-2024
To facilitate the accurate identification and monitoring of creditable withholding tax payments pertaining to designated income disbursements executed by joint ventures/consortiums pursuant to the issuance of Revenue Regulations No. 14-2023, the following ATCs are hereby created:
| ATC | Description | Tax Rate | Legal Basis | BIR Form No. |
| WI750 WC730 | Income payments made by joint ventures, whether incorporated or not, taxable or non-taxable, to their local/resident supplier of goods. Individual Corporate | 1% | RR No. 14-2023 | 1601-EQ/ 2307 |
| WI760 WC740 | Income payments made by joint ventures, whether incorporated or not, taxable or non-taxable, to their local/resident supplier of service. Individual Corporate | 2% | ||
| WC750 | On the share of each coventurer/member from the net income of the joint venture/consortium not taxable as corporation prior to actual or constructive distribution thereof. Corporate | 15% |