March 28, 2018
REVENUE REGULATIONS NO. 14-18
| SUBJECT | : | Amending the Provisions of Revenue Regulations No. 11-18, Particularly Sections 2 and 14 |
| TO | : | All Internal Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Section 244 in relation to Section 245 of the National Internal Revenue Code of 1997 (Tax Code of 1997)as amended, these Regulations are hereby promulgated to amend certain provisions of Revenue Regulations (RR) No. 11-2018.
SECTION 2. Amendatory Provisions. — The provisions of Sections 2 and 14 of RR 11-2018, are hereby amended as follows:
"SECTION 2. Certain items of Section 2.57.2 of RR No. 2-98 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, there shall be withheld a creditable income tax at the rates herein specified for each class of payee from the following items of income payments to persons residing in the Philippines:
(A) Professional fees, talent fees, etc. for services rendered — On the gross professional, promotional,...
