Share
REVENUE REGULATIONS (RR) NO. 024-2025
This Circular clarifies that pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code (NIRC) of 1997, as amended, these Regulations are hereby promulgated to further amend Section 2.57.2.(I) of RR No. 002-1998, amended by RR No. 011-2018, on the imposition of EWT for TWAs.
Applicable EWT Rates for TWAs’ Regular Purchase of Goods and Suppliers
| Category | Description | EWT Rate |
| Goods | General Rule: Income payments made by TWAs to their local or resident suppliers of goods. | 1% |
| Exception: Gross payments to manufacturers and direct importers (individuals or corporations) of the following goods intended for wholesale:Motor vehicles in Completely Built Units (CBUs) or Semi-Knockdown (SKD) units, including motor vehicle parts and accessories;Medicines and pharmaceutical products; andSolid or liquid fuels and related products. | ½% | |
| Services | Income payments made by TWAs to their local or resident suppliers of services not covered by other EWT rates. | 2% |
RR No. 024-2025 shall take effect on October 10, 2025, fifteen (15) days following the date of its publication in the Official Gazette in the BIR official website, whichever comes first.