Withholding Tax
Withholding Tax
Withholding Tax
B. Non-individual payee:
1. If gross income for the current year did not exceed 10%
₱720,000
2. If gross income exceeds ₱720,000 15%
It includes:
• (1)Those individually engaged in the practice of profession or callings
• (2) Professional entertainers, such as, but not limited to, actors and actresses,
singers, lyricists, composers and emcees.
• (3) Professional athletes including basketball players, pelotaris and jockeys;
• (4) All directors and producers involved in movies, stage, radio, television and
musical productions;
• (5) Insurance agents and insurance adjusters;
• (6) Management and technical consultants;
• (7) Bookkeeping agents and agencies;
• (8) Other recipients of talent fees;
• (9) Fees of directors who are not employees of the company paying such fees,
whose duties are confined to attendance at and participation in the meetings of
the board of directors;
• (10) Income Payments to certain brokers and agents
• Commissions of independent and/or exclusive sales representatives, and
marketing agents of companies
(B) Rentals
1. Real Properties
2. Personal Properties
3. Poles, satellites and transmission facilities
5%
4. Billboards
5. Cinematographic film rentals and other
payments
(C) Income payments to certain contractors 2%
(D) Income distribution to the beneficiaries 15%
(E) Income payments to partners of general 15% - <P720,000, 10% -
professional partnerships >P720,000
• the return of the amount deducted and withheld upon any wage
shall be made by the officer or employee having control of the
payment of such wage, or by any officer or employee duly
designated for the purpose
Section 83. Statements and Returns.