May 7, 2019
REVENUE REGULATIONS NO. 07-19
| SUBJECT | : | Amending the Pertinent Provisions of Section 2 under Revenue Regulations No. 11-2018 Specifically on the Requirements for Top Withholding Agents |
| TO | : | All Internal Revenue Officials, Employees and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code (NIRC) of 1997, as amended, these Regulations are hereby promulgated to amend the pertinent provisions of Section 2 under Revenue Regulations (RR) No. 11-2018, re: Amending Certain Provisions of Revenue Regulations No. 2-98, as Amended, to Implement Further Amendments Introduced by Republic Act No. 10963, Otherwise Known as the "Tax Reform for Acceleration and Inclusion (TRAIN) Law." ITAaHc
SECTION 2. Amendatory Provisions. — The pertinent provisions of Section 2, RR No. 11-2018 are hereby amended and shall be read as follows:
"SECTION 2. Certain items of Section 2.57.2 of RR No. 2-98, as amended, is hereby renumbered and further amended to read as follows:
SECTION 2.57.2. Income Payments Subject to Creditable Withholding Tax and Rates Prescribed Thereon. — Except as herein otherwise provided....
