8box Solutions Inc.


Contact Number: 09369340340
Email: sales@8box.solutions

REVENUE REGULATIONS NO. 3-2004 issued on March 12, 2004 suspends until further notice the implementation of the Withholding Tax provision on income payments made to suppliers of agricultural products. All withholding made on income payments in relation to Section 2.57.2(S) of RR No. 2-98, as amended, prior to the effectivity of this Regulations shall be reported and remitted by the withholding agent to the Bureau on or before the 10th of the following month for which the amount was withheld. The deadline for electronic filing shall be in accordance with the rules and regulations governing the Electronic Filing and Payment System (EFPS). In order for the said payments to be deductible against the withholdings agent’s income, the amount required under the said section of RR No. 2-98, as amended, must have been properly withheld, reported and remitted. The Regulations takes effect beginning March 1, 2004.