EWT- payments for medical/dental /veterinary services thru hospitals/clinics/ health maintenance organizations, including direct payments to service providers

To implement the tax reforms on Creditable or Expanded Withholding Tax (EWT) in the Philippines under the Tax Reform for Acceleration and Inclusion (TRAIN) or Republic Act No. 10963 (RA 10963) effective January 1, 2018, the Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 11-2018 dated January 31, 2018 (RR 11-18) in Philippines ...

The Tax Code provides details on withholding tax types and rates, making clear which transactions are subject to these rates. For example, insurance agents, bookkeeping agents, professionals, and entertainers are categorized with specific EWT rates.

Under what ATC codes should these deductions be classified? The BIR Withholding Tax table of withholding tax ATC do not seem to provide for small individual taxpayers like me. Is there an easier way for the employees who individually purchase good/services certainly for the company use, using cash advances and reimbursements?

Oct 16, 2020 · EWT has three general characteristics; It is withheld from certain income payments. It is creditable against the income tax due of the payee (the person to whom payment is due). This tax must be remitted by the withholding agent to the government through the BIR.

The following table shows the new and modified Alphanumeric Tax Codes (ATC) for income payments subject to creditable and final withholding taxes. These tax codes are effective from January 1, 2018, in accordance with Republic Act No. 10963, known as the Tax Report for Acceleration and Inclusion (TRAIN) Law.

The following table shows the tax codes to be used to get the values for Form 1601-E (Monthly Remittance Return of Creditable Income Taxes Withheld - Expanded) and Form 2307 (Certificate of Creditable Tax Withheld at Source) in the Withholding Tax SuiteApp.

Feb 28, 2011 · Below, are the requirements and procedures of filing the Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded). Documentary Requirements. 2. Monthly Alphalist of Payees (MAP) 3. For advance payment, BIR Form No. 0605. 4. Tax Remittance Advice (for NGAs) Procedures. 1. Read instructions indicated in the tax return. 2.

The document contains a list of codes paired with descriptions of various types of income subject to creditable income tax withholding in the Philippines. It includes income types like professional fees, rentals, contractor payments, commissions, and payments to suppliers.

This document provides schedules of alphanumeric tax codes for various types of income payments and withholding tax rates in the Philippines. It lists the nature of income payments, applicable tax rates, and tax code indicators for both individuals and corporations.