Revenue Regulation No. 1-98. Issued April 14, 1998 redefines the term "Large Taxpayers", modifies the criteria for determining large taxpayers and prescribes the time, place and manner of filing of tax returns and payment of taxes by large taxpayers, amending further RR No. 12-93, as amended by RR 3-94. The coverage of the initial 1,500 large filexlib. Tagra 03:15 PM, Mar 05, 2020 I would like to request a copy of Revenue Regulations No. 2-98 (RR 2-98), as amended, supplemented, and consolidated by subsequent by the relevant laws and issuances of the BIR. For clarity, I am asking for the "codified" version of RR 2-98 with all the relevant changes today that is easy to read. Section 57 of the Tax Code is mainly implemented by Revenue Regulations (RR) No. 2-98 as amended (Consolidated Withholding Tax Regulations). While originally promulgated in 1998, this set of rules and regulations has been undergoing amendments for more than two decades.
RR 02-98 (Narrative Form) Uploaded by saintkarri Copyright: Attribution Non-Commercial (BY-NC) Available Formats Download as PDF, TXT or read online from Scribd Flag for inappropriate content of 20 REVENUE REGULATIONS NO. 2-98 (April 17, 1998) WITHHOLDING TAXES ON INCOME PAYMENTS, COMPENSATION AND CREDITABLE VAT AND PERCENTAGE TAXES
SECTION 2. Accreditation of non-stock, non-profit corporations/NGOs by the Accrediting Entity a. The Accrediting Entity shall examine, evaluate and accredit non-stock, non-profit corporations and NGOs as a pre-requisite for their registration with the BIR as qualified-donee institutions under Section 34 (H)(1) and (2)(c) of the Tax Code. 1. 2.
SECTION 2.80. Liability for Tax. (A) Employer. (1) In general, the employer shall be responsible for the withholding and remittance of the correct amount of tax required to be deducted and withheld from the compensation income of his employees. If the employer fails to withhold and remit the correct amount of tax, such tax shall be collected
For purposes of these Regulations, the term, "normal income tax" means the income tax rates prescribed under Sec. 27 (A) and Sec. 28 (A) (1) of the Code at 34% on January 1, 1998; 33% effective January 1, 1999; and at 32% effective January 1, 2000 and thereafter. In the case of a domestic corporation whose operations or activities are partly
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View RR No. 2-98.pdf from INFO 111 at De La Salle University. (1) April 17, 1998 REVENUE REGULATIONS NO. 02-98 SUBJECT : Implementing Republic Act No. 8424, "An Act Amending the National Internal Under the final withholding tax system the amount of income tax withheld by the withholding agent is constituted as a full and final payment of
Revenue Regulations No. 1-1998. Large Taxpayer is a taxpayer who has been classified and duly notified by the Commissioner of Internal Revenue (CIR) for having satisfied any or a combination of set criteria as prescribed in this Regulation or any amendatory regulations. Value-Added Tax (VAT) - Any taxpayer with net VAT paid or payable of at Revenue Regulations No. 12-2013 dated July 12, 2013 (RR No. 12-2013) entitled "Amending Section 2.58.5 of Revenue Regulations No. 2 - 1998 (RR 2-98), as amended, Relative to the Requirements for Deductibility of Certain Income Payments" has been issued by the Bureau of Internal Revenue (BIR) implementing Section 34 (k) of the Tax Code, as
Revenue Regulation No. 8-98 Issued September 2, 1998 amends pertinent portions of Revenue Regulations Nos. 11-96 and 2-98 relative to the tax treatment of the sale, transfer or exchange of real prop