REVENUE REGULATIONS NO. 10-2009 issued on December 23, 2009 amends further Sections 2.57.2 and 2.58 of Revenue Regulations (RR) No. 2-98, as amended, clarifying that sub-paragraph (W) as recently issued under RR No. 8-2009 should be sub-paragraph (X), and other concerns Section 2.57.2 of RR No. 2-98, as amended, is further amended, to read as follows: “Sec.2.57.2 Income payments subject to creditable tax and rates prescribed thereon. – Except as herein otherwise provided, there shall be withheld a creditable income tax at the rates herein specified for each class of payee from the following items of income payments to persons residing in the Philippines: xxx xxx xxx “(X) Income payments made by political parties and candidates of local and national elections of all their purchase of goods and services as campaign expenditures, and income payments made by individuals or juridical persons for their purchases of goods and services intended to be given as campaign contribution to political parties and candidates – Five percent (5%). Section 2.58 of RR No. 2-98, as amended, is further amended, to read as follows: “Sec.2.58 RETURN AND PAYMENT OF TAXES WITHHELD AT SOURCE – (A) Monthly return and payment of taxes withheld at source – (1) WHERE TO FILE – xxx xxx xxx Those not engaged in trade/business or practice of profession for a limited time during the election period designated as withholding agent pursuant to Section Sec.2.57.3 (D) and required to withhold income payment under 2.57.2 (X) using only Alphanumeric Tax Code Withholding Tax Individual (WI) 680 or Withholding Tax Corporation (WC) 680 in the remittance of taxes withheld using Monthly Remittance Return on Creditable Withholding Taxes at Source (BIR Form No. 1601-E) shall not be required to attach the Monthly Alphalist of Payees (MAP). (2) WHEN TO FILE – (a) xxx xxx xxx (b) xxx xxx xxx (B) xxx xxx xxx (C) Annual Information Return for income tax withheld at source. – The payor is required to file with the BIR-Large Taxpayers Assistance Division, Large Taxpayer District Office or Excise Taxpayers Assistance Division, or the Revenue District Office where the payor/employer is registered as Withholding Agent, on or before March 1 of the following year in which payments were made, an Annual Information Return of Creditable Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Tax (BIR Form No. 1604E) except withholding agents for a limited time during the election period under Sec.2.57.3(D) who are not engaged in business or practice of profession and using only Alphanumeric Tax Code Withholding Tax Individual (WI) 680 or Withholding Tax Corporation (WC) 680 whose due date shall be within thirty (30) days after the day of election, and on or before January 31 of the said year an Annual Information Return on Income Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form No. 1604-CF), showing among other the following information: xxx xxx xxx ”