REVENUE MEMORANDUM CIRCULAR NO. 136-2019 issued on December 16, 2019 circularizes the names of taxpayers who are included or deleted from the List of Withholding Agents who qualify to the criteria prescribed under Revenue Regulations No. 7-2019 for purposes of the 1% or 2% Creditable Withholding Taxes (CWTs) on purchases of goods and services. The lists are posted at the BIR website (www.bir.gov.ph).
The obligation to deduct and remit to the BIR the said CWTs shall continue, commence or cease, as the case may be, effective January 1, 2020. Any taxpayer who is not included in the updated List of Withholding Agents is deemed to have been excluded and, therefore, not required to deduct and remit the 1% or 2% CWTs on its purchase of goods and services.