REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
January 14, 2004
REVENUE REGULATIONS NO
Amending Further Sec. 2.57.2(S)
of Revenue Regulations No. 2-98, as
Last Amended By Revenue Regulations No. 30-2003, Exempting
Marginal Income Earners From Creditable Withholding Tax on
Payments Made By Hotels, Restaurants, Resorts, Caterers, Food
Processors, Canneries, Supermarkets, Livestock, Poultry, Fish and
Marine Product Dealers, Hardwares, Factories, Furniture Shops, and
All Other Establishments.
All Internal Revenue Officers, Employees and Others Concerned.
SECTION 1. SCOPE.
Pursuant to the provisions of Section 244, in relation
to Sections 57(A) and (B) of the Tax Code of 1997, these regulations are hereby
promulgated to further amend portions of Revenue Regulations No. 2-98, as last amended
by Revenue Regulations No. 30-2003, exempting
marginal income earners from
creditable withholding tax on payments made by hotels, restaurants, resorts, caterers,