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REVENUE REGULATIONS NO. 02-98

Implementing Republic Act No. 8424 , "An Act Amending The National Internal Revenue Code, as Amended" Relative to the Withholding on Income Subject to the Expanded Withholding Tax and Final Withholding Tax, Withholding of Income Tax on Compensation, Withholding of Creditable Value-Added Tax and Other Percentage Taxes

Revenue Regulation No. 2-98 | 1998-04-17

(NOTE: Amended by RR No. 06-2001 and further amended by RR No. 14-2002)

TO: All Internal Revenue Officers and Others Concerned 

Pursuant to Sec. 244  of the National Internal Revenue Code, as amended, in relation to Sections 57 to 59 , Sections 78 to 83 , Section 114(C)  and Sections 116 to 127  of Republic Act 8424, these regulations are hereby promulgated which shall govern the collection at source on income paid on or after January 1, 1998 and prescribing the Revised Withholding Tax Tables on compensation.

SECTION 2.57. Withholding of Tax at Source

(A) Final Withholding Tax. — Under the final...