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How does the tax collected from the new BIR Revenue Regulation calculated?

Ren avatar
Written by Ren
Updated over 10 months ago

The withholding tax of 1% is imposed on local sellers on 50% of their gross remittances exceeding P500,000.

We've prepared a sample computation below:

For other questions, feel free to send an email to [email protected] so we can assist you!

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