Gross receipts tax on income with final withholding

Ask AI

REVENUE MEMORANDUM CIRCULAR NO. 51-2002, NOVEMBER 51, 2002: Gross receipts tax on income with final withholding

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Gross receipts tax on income with final withholding

Law: Revenue Memorandum Circular No. 51-2002, November 51, 2002

Decision Date: Nov 14, 2002

Guillermo L. Parayno, Jr., Commissioner of Internal Revenue, clarifies that income subject to final withholding tax is still liable for gross receipts tax, emphasizing that the gross receipts tax base includes both actual and constructive income received, including the withheld tax amount.

END