REVENUE REGULATIONS NO. 6-2001 issued August 1, 2001 amends pertinent provisions of RR Nos. 1-98, 2-98 and 7-95 and RMC No. 1-98 relative to the inclusion of additional taxpayers to be subject to the Final Withholding Tax, revision of the Withholding Tax rates on certain income payments subject to Creditable Withholding Tax, time for the filing of various tax returns and payment of the taxes due thereon and others. Additional income payments subject to the Final Withholding Tax are the following: 1) income payments to citizens or to resident alien individuals/non-resident aliens engaged in trade or business in the Philippines/domestic corporations/resident foreign corporations derived from contracts by subcontractors from service contractors engaged in “petroleum operations” in the Philippines – 8%; 2) gross income from all sources within the Philippines derived by non-resident cinematographic film owners, lessors or distributors – 25%; and 3) gross income received by Filipinos employed and occupying the same positions as those aliens employed by multinational companies, Offshore Banking Units, foreign petroleum service contractors and subcontractors – 15%. However, Filipinos employed and occupying the same positions as those aliens employed by multinational companies shall have the option to be taxed at either 15% of gross income or at the regular tax rate on their taxable income. The revised rates of Creditable Withholding Tax on income payments to the following persons residing in the Philippines are: 1) professional entertainers, such as, but not limited to actors and actresses, singers and emcees – 20%; 2) professional athletes, including basketball players, pelotaris and jockeys – 20%; 3) all directors involved in movies, stage, radio, television and musical production – 20%; 4) other recipients of talent fees – 20%; 5) directors who are not employees of the company paying them fees, whose duties are confined to attendance at and participation in the meetings of the board of directors – 20%; 6) professional fees, talent fees, etc. for services of taxable juridical persons – 10%; 7) income payments to certain brokers and agents – 10%; and 8) income payments to certain contractors – 2%. Income payments made by credit card companies in the Philippines to any business entity shall be withheld a 1% creditable income tax based on the gross amounts paid. A 6% Creditable Withholding Tax shall also be imposed on the sale/transfer of real properties classified as ordinary assets if the seller/transferor is not habitually engaged in the real estate business.