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WITHHOLDING TAX ON GOVERNMENT MONEY PAYMENTS Presented by: Susan D. Tusoy , CPA, MPS Asst. Chief, Assessment Division PowerPoint Presentation
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WITHHOLDING TAX ON GOVERNMENT MONEY PAYMENTS Presented by: Susan D. Tusoy , CPA, MPS Asst. Chief, Assessment Division. Final Withholding VAT on Government Purchases. RA 9337.

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WITHHOLDING TAX ON GOVERNMENT MONEY PAYMENTS

Presented by:

Susan D. Tusoy, CPA, MPS

Asst. Chief, Assessment Division

slide2

Final Withholding VAT on Government Purchases

RA 9337

Payments by the government or any of its political subdivisions, instrumentalities or agencies, including government-owned and controlled corporations (GOCCs) on account of its purchase of goods and services who are subject to VAT

5%

Final VAT

revenue regulations no 2 2006

REVENUE REGULATIONS NO. 2-2006

Mandatory Attachments :

Summary Alphalist of Withholding

Agents of Income Payments Subjected to Tax Withheld at Source (SAWT) to Tax Returns With Claimed Tax Credits due to Creditable Tax Withheld At Source

revenue regulations no 2 20061

REVENUE REGULATIONS NO. 2-2006

2. Monthly Alphalist of Payees (MAP)

Whose Income Received Have Been

Subjected to Withholding Tax in the

Withholding Tax Remittance Return

Filed by the Withholding Agent/Payor

of Income Payments

monthly alphalist of payees map
Monthly Alphalist of Payees(MAP)
  • is aconsolidated alphalistof income earners from whom taxes have been withheldby the payor of income for a given return period and in whose behalf, the taxes were remitted.
  • It contains a summary of information on taxes withheld and remitted through the monthly remittance returns (BIR Form Nos. 1601-E, 1601-F, 1600) showing , among others,
    • total amounts of income/gross sales/gross receipts and
    • taxes withheld and remitted.
sawt map
SAWT/MAP

Below 10 payees - hard copy

10 or more payees - softcopy

(diskette, CD etc.)

EFPS regardless of the - e-attach

number of income payees/

income recipient

illustration
Illustration

A local government unit purchased the following goods and services for the month of November 2013.

Invoice Price

  • Fertilizers - P56,000.00
  • Construction Materials - 44,800.00
  • Repair of Aircon Units - 22,400.00
  • Rental of equipments - 33,600.00

Compute for the withholding tax on government money payments assuming the seller is:

a) Non-VAT registered

b) VAT taxpayer