BIR RMC No. 55-2024

RMC No. 55 – 2024: Extension of the 90 Day Period for the Actual Imposition of Withholding Tax on Gross Remittances Made by Electronic Marketplace Operators and Digital Financial Services Providers to Sellers/Merchants Prescriber under RR No. 16-2023

The Bureau of Internal Revenue (BIR) recently released Revenue Memorandum Circular (RMC) No. 55-2024, granting an additional 90-day extension for the enforcement of withholding tax on gross remittances made by electronic marketplace operators and digital financial services providers to sellers and merchants, as stipulated under Revenue Regulations (RR) No. 16-2023. 

See below:

BIR RMC No. 55-2024

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