REVENUE MEMORANDUM CIRCULAR NO. 80-2022 issued on June 22, 2022 circularizes the additional List of Withholding Agents (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, including the List of TWAs for deletion from the existing list. The said Lists are posted at the BIR’s website (www.bir.gov.ph).
            Accordingly, the obligation to deduct and remit to the BIR the 1% and 2% CWT shall continue, commence or cease, as the case may be, effective July 1, 2022. Any taxpayer not found in any of the published List of TWAs is deemed excluded and, therefore, not required to deduct and remit the 1% or 2% CWT under the abovementioned RR.