Tax on Motor Vehicle Income Payments

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BIR REVENUE MEMORANDUM CIRCULAR NO. 35-91: Tax on Motor Vehicle Income Payments

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Title Supreme Court: Tax on Motor Vehicle Income Payments

Law: Bir Revenue Memorandum Circular No. 35-91

Decision Date: Apr 1, 1991

BIR Revenue Memorandum Circular No. 35-91 establishes guidelines for the 1% and 2% creditable withholding tax on income from the sale, exchange, or transfer of motor vehicles, effective June 1, 1991, while outlining exemptions and compliance requirements for both buyers and sellers.

withholding tax

income tax

motor vehicles

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