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PROCLAMATION NO. 176: Special Non-Working Day in Cavite

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Title Source: Supreme Court: Revised Withholding Tax Table

Law: Bir Revenue Memorandum Circular No. 4-99

Decision Date: Jan 7, 1999

Beethoven L. Rualo, Commissioner of Internal Revenue, prescribes a Revised Withholding Tax Table effective January 1, 1999, to implement new income tax rates and increased exemptions under Republic Act No. 8424 for the computation of taxes withheld on compensation income.

Law Summary

Basis for the Revised Withholding Tax Table

Implements Section 24(A)(1)(C) in relation to Section 79 of Republic Act No. 8424 (RA 8424).
Reflects the new schedule of income tax rates established under RA 8424.
Accounts for increased personal and additional exemptions as provided in Sections 24(A)(1)(c) and 35 of RA 8424.

Applicability and Use of the Revised Table

The Revised Withholding Tax Table (Annex A) is mandatory for withholding tax computations on applicable compensation income.
Effective for taxable year 1999 and subsequent years.
From January 1, 2000, column 8 of the table will apply a tax rate of 32%, differing from the initial application in 1999.

Responsibilities and Implementation

All concerned parties are enjoined to comply strictly with the use of the revised table.
The Circular directs internal revenue personnel and withholding agents to adopt and use the prescribed table accurately.
Encourages wide dissemination of the circular to ensure awareness and proper application throughout the Philippines.

Administrative and Legal Authority

Issued and signed by the Commissioner of Internal Revenue, Beethoven L. Rualo.
Formal authority based on amendments introduced by RA 8424 aimed at updating tax withholding mechanisms.
The Circular serves as an administrative guideline to operationalize the statutory tax provisions effectively within the taxation system.

END