REVENUE MEMORANDUM CIRCULAR NO. 55-2024
Extension of the Ninety-Day Period for the Actual Imposition of Withholding Tax on Gross Remittances Made by Electronic Marketplace Operators and Digital Financial Services Providers to Sellers/Merchants Prescribed under Revenue Regulations No. 16-2023.
All Revenue Officials, Employees and Others Concerned.
RMC No. 8-2024 granted electronic marketplace operators and digital financial services providers 90 days to comply with government agencies’ requirements and adjust to RR No. 16-2023 before the imposition of creditable withholding tax.
This transitory period is now extended by another 90 days until July 14, 2024, to allow sufficient time for compliance. All revenue officials and concerned parties are urged to publicize this Circular widely.