Skip to content

8box Solutions Inc.


Contact Number: 09369340340

REVENUE MEMORANDUM CIRCULAR NO. 70-2023 issued on June 22, 2023 circularizes the additional List of Top Withholding Agents (TWAs) for inclusion to and deletion from the existing List of TWAs required to deduct and remit either the one percent (1%) or two percent (2%) Creditable Withholding Tax (CWT) from the income payments to their suppliers of goods and services, respectively, pursuant to Revenue Regulations (RR) No. 31-2020. The said Lists are posted at the BIR’s website (
            Accordingly, the obligation to deduct and remit to the BIR the 1% and 2% CWT shall commence or cease, as the case may be, effective July 1, 2023. Any taxpayer not found in the published List of TWAs is not required to deduct and remit the 1% or 2% CWT under the abovementioned RR.