Exemption of Marginal Earners from Creditable Withholding Tax

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BIR REVENUE REGULATIONS NO. 1-2004: Exemption of Marginal Earners from Creditable Withholding Tax

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Title Supreme Court: Exemption of Marginal Earners from Creditable Withholding Tax

Law: Bir Revenue Regulations No. 1-2004

Decision Date: Jan 13, 2004

Marginal income earners, defined as self-employed individuals with gross sales not exceeding P100,000 annually, are exempted from creditable withholding tax on payments from various establishments, including hotels and food processors, under the amended revenue regulations effective retroactively from January 1, 2004.

withholding tax

marginal income

revenue regulations

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