REVENUE MEMORANDUM ORDER NO. 4-2024 issued on February 5, 2024 creates Alphanumeric Tax Codes (ATC) for Creditable Withholding Tax on Gross Remittances made by electronic marketplace operators and digital financial services providers to sellers/merchants pursuant to the issuance of Revenue Regulations (RR) No. 16-2023, to wit:
| ATC | Description | Tax Rate | Legal Basis | BIR Form No. |
|---|---|---|---|---|
|
WI760 WC760 |
On one-half (1/2) of the
gross remittances by emarketplace operators and
digital financial services
providers to the sellers/
merchants for the goods or
services sold/paid through
their platform/facility
Individual Corporate |
1% | RR No. 16-2023 | 1601-EQ/ 2307 |