06-01-2019, 06:41 AM
Under RMC1-2018, dated January 4, 2018:
B. Change in the Creditable Withholding Tax Rate on lncome Payments to Selfemployed lndividuals or Professionals
The following lncome Payments to Self-employed lndividuals or Professionals shall be subject to Eight Percent (8%):
1. Professional fees, talent fees, commissions, etc. for services rendered by individuals;
2. lncome distribution to beneficiaries of Estates and Trusts;
3. lncome Payment to certain brokers and agents;
4. lncome Payments to partners of general professional partnership;
5. Professional fees paid to medical practitioners; and 6. Commission of independent and/or exclusive sales representatives, and marketing agents of companies.
B. Change in the Creditable Withholding Tax Rate on lncome Payments to Selfemployed lndividuals or Professionals
The following lncome Payments to Self-employed lndividuals or Professionals shall be subject to Eight Percent (8%):
1. Professional fees, talent fees, commissions, etc. for services rendered by individuals;
2. lncome distribution to beneficiaries of Estates and Trusts;
3. lncome Payment to certain brokers and agents;
4. lncome Payments to partners of general professional partnership;
5. Professional fees paid to medical practitioners; and 6. Commission of independent and/or exclusive sales representatives, and marketing agents of companies.