Amendments to Expanded Withholding Tax Rules

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BIR REVENUE REGULATION NO. 6-94: Amendments to Expanded Withholding Tax Rules

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Title Supreme Court: Amendments to Expanded Withholding Tax Rules

Law: Bir Revenue Regulation No. 6-94

Decision Date: Feb 15, 1994

Amending the Expanded Withholding Tax Regulations, this regulation establishes specific withholding tax rates for various income payments, including real property transactions and payments to exporters, while designating withholding agents and outlining the effective date of implementation.

withholding tax

revenue regulations

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Persons Required to Deduct and Withhold Tax

Withholding agents include:
- Individuals making payments related to their trade or business.
- Individual buyers of real property not engaged in trade or business are withholding agents for taxable sales but need not register.
- All juridical persons, regardless of trade or business engagement.
- Banks paying exporters are designated as withholding agents.
- Government offices, including government-owned or controlled corporations and local government units.

Effectivity of the Regulation

These amendments take effect 15 days after publication in the Official Gazette or a newspaper of general circulation, whichever occurs first.
The regulation was adopted on February 15, 1994, signed by the Secretary of Finance.

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