1. The document outlines various types of income payments that are subject to expanded withholding tax, including professional fees, rentals, cinematographic film rentals, and payments to certain contractors.
2. It also lists the priority investment areas and incentives provided by the Board of Investments, such as fiscal incentives like income tax holidays and non-fiscal incentives including employment of foreign nationals.
3. The document provides contact information for key officials from the Bureau of Internal Revenue and lists the types and numbers of economic zones currently operated by the Philippine Economic Zone Authority.
1. The document outlines various types of income payments that are subject to expanded withholding tax, including professional fees, rentals, cinematographic film rentals, and payments to certain contractors.
2. It also lists the priority investment areas and incentives provided by the Board of Investments, such as fiscal incentives like income tax holidays and non-fiscal incentives including employment of foreign nationals.
3. The document provides contact information for key officials from the Bureau of Internal Revenue and lists the types and numbers of economic zones currently operated by the Philippine Economic Zone Authority.
1. The document outlines various types of income payments that are subject to expanded withholding tax, including professional fees, rentals, cinematographic film rentals, and payments to certain contractors.
2. It also lists the priority investment areas and incentives provided by the Board of Investments, such as fiscal incentives like income tax holidays and non-fiscal incentives including employment of foreign nationals.
3. The document provides contact information for key officials from the Bureau of Internal Revenue and lists the types and numbers of economic zones currently operated by the Philippine Economic Zone Authority.
1. The document outlines various types of income payments that are subject to expanded withholding tax, including professional fees, rentals, cinematographic film rentals, and payments to certain contractors.
2. It also lists the priority investment areas and incentives provided by the Board of Investments, such as fiscal incentives like income tax holidays and non-fiscal incentives including employment of foreign nationals.
3. The document provides contact information for key officials from the Bureau of Internal Revenue and lists the types and numbers of economic zones currently operated by the Philippine Economic Zone Authority.
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The following income payments are subject to BOC
Expanded Withholding Tax: 1.Office of the Commissioner- NICANOR E.
1. Professional fees / talent fees for services FAELDON rendered by the following: Deputy Commissioner a) Those individually engaged in the practice of 2. Internal Administration Group profession or callings such as lawyers, certified NATALIO C ECARMA III- Revenue Collection public accountants, doctors of medicine, architecs, and Monitoring Group engineers and all other professionals who have TEDDY SANDY S. RAVAL- Intelligence Group undergone licensure examinations regulated by the ARIEL F. NEPOMUCENO- Enforcement Professional Regulations Commission, Supreme Group Court, etc. MELITA O. DEL ROSARIO- Assessment and 2. Professional fees, talent fees, etc for services of Operations Coordinating Group taxable juridical persons JAIME B. TABORDA- Management Info. 3. Rentals: Systems and Technology Group a) Rental of real property used in business b) Rental of personal properties in excess of P 10,000 BOI annually Investment Priority Areas c) Rental of poles, satellites and transmission facilities Business Process Outsourcing d) Rental of billboards Electronics Industry 4. Cinematographic film rentals and other payments Renewable Energy 5. Income payments to certain contractors Shipbuilding a) General engineering contractors Incentives b) General building contractors c) Specialty contractors Fiscal Incentives d) Other contractors such as transportation o Income Tax Holiday contractors, janitorial, security, messengerial, o Exemption from taxes and duties on imported advertising, labor recruiting agencies, computer spare parts(NOLCO) programmers, etc. o Exemption from wharfage dues and export tax, Expanded Withholding Tax is a kind of withholding duty, impost and fees(GIE) tax which is prescribed on certain income payments o Reduction of the Rates of Duty on Capital and is creditable against the income tax due of the Equipment, Spareparts and Accessories by Virtue payee for the taxable quarter/year in which the of EO 528 particular income was earned. o Tax exemption on breeding stocks and genetic materials Final Withholding Tax. Income Tax withheld o Tax Credits constitutes the full and final payment of the Income o Additional deductions from Taxable Income Tax due from the payee on the particular income Non-Fiscal Incentives subjected to final withholding tax. o Employment of Foreign Nationals o Simplification of customs procedures BIR OFFICIALS o Importation of consigned equipment 1. Caesar R. Dulay- Commissioner of Internal o Privilege to operate a bonded Revenue manufacturing/trading warehouse 2. Nestor S. Valeroso- Deputy Commissioner PEZA Operations Group Operating Economic Zone Map 3. Jesus Clint O. Aranas- Deputy Commissioner Legal Group 73 Manufacturing Economic Zone 4. Lanee C. David- Deputy Commissioner 243 Information Technology Parks/Centers Information Systems Group 21 Agro-Industrial Economic Zone 5. Celia C. King- Deputy Commissioner 19 Tourism Economic Zones Resource Management Group 2 Medical Tourism Parks/Centers * as of October 31, 2016
