The Withholding of Creditable Tax at Source or simply called Expanded Withholding Tax is a tax imposed and prescribed on the items of income payable to natural or juridical persons, residing in the Philippines, by a payor-corporation/person which shall be credited against the income tax liability of the taxpayer for the taxable year.

This return shall be filed in triplicate by every withholding agent (WA)/payor who is either an individual or non-individual, required to deduct and withhold taxes on income payments to Expanded/Creditable Withholding Taxes.

ATC Tax Base (Consolidated for the Quarter) Tax Rate Tax Withheld ... If gross income exceeds P 720,000 15% WC021 controlled corporations (GOCCs) to its local/resident suppliers of goods 1% WI640 WC640 Professional athletes including basketball players, pelotaris and jockeys other than those covered by other rates of withholding tax ...

SUBJECT : Creation, Modification and Dropping of Alphanumeric Tax Code (ATC) of Selected Revenue Source under Republic Act (RA) No. 10963, Otherwise Known as Tax Reform for Acceleration and Inclusion (TRAIN) Law and Pursuant to Revenue Regulations (RR)

The following table shows the tax codes to be used to get the values for Form 1601-E (Monthly Remittance Return of Creditable Income Taxes Withheld - Expanded) and Form 2307 (Certificate of Creditable Tax Withheld at Source) in the Withholding Tax SuiteApp.

The following table shows the new and modified Alphanumeric Tax Codes (ATC) for income payments subject to creditable and final withholding taxes. These tax codes are effective from January 1, 2018, in accordance with Republic Act No. 10963, known as the Tax Report for Acceleration and Inclusion (TRAIN) Law.

ATC IND CORP. WE Professional fees (Lawyers, CPA's, Engineers, etc.) - if the gross income for the current year did not exceed ₱ 3M 5% WI - if gross income is more than ₱ 3M or VAT registered regardlessof amount 10% WI WE Professional fees (Lawyers, CPA's, Engineers, etc.) - if gross income for the current year did not exceed ...

ATC Codes 2018 - Free download as Excel Spreadsheet (.xls / .xlsx), PDF File (.pdf), Text File (.txt) or read online for free. The document contains a table listing ATC codes and corresponding tax rates. There are over 100 ATC codes listed ranging from 5%-32% tax rates.

ATC Codes - Free download as PDF File (.pdf), Text File (.txt) or read online for free. This document provides schedules of alphanumeric tax codes for various types of income payments and withholding tax rates in the Philippines.