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8box Solutions Inc.


Contact Number: 09369340340

REVENUE MEMORANDUM CIRCULAR NO. 88-2021 issued on July 16, 2021 circularizes therecently-published Lists of Withholding Agents for inclusion to and deletion from the existing List of Top Withholding Agents (TWAs) required to deduct and remit either the 1% or 2% Creditable Withholding Tax (CWT) from the income payments to their suppliers of goods and services, respectively. Said lists are posted in the BIR’s Website (
            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 August 1, 2021. Any taxpayer not found in the published list of TWAs is deemed excluded and, therefore, not required to deduct and remit the 1% or 2% CWT pursuant to Revenue Regulations No. 31-2020.
           Any written request by the taxpayers as a separate documentary proof for being identified as
TWAs, despite the publication in the newspaper of general circulation being deemed sufficient, shall
be filed with the Revenue District Office and the corresponding Certification issued by its Revenue
District Officer where the concerned withholding agent is duly registered.