PR66JUL2026

To advise Top Withholding Agents, manufacturers, direct importers, taxpayers, and other stakeholders of the issuance of RMC No. 79-2026, which clarifies the provisions of RR No. 24-2025 on the imposition of Creditable Withholding Tax on Top Withholding Agents, and to promote uniform implementation of RR No. 24-2025.

Bureau of Internal RevenueIndependent research copy

Document type: DOC
Index unit: bir-text-pr66jul2026
Year: Not classified
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The BIR announced on July 20, 2026 that it issued Revenue Memorandum Circular (RMC) No. 79-2026, which clarifies Revenue Regulations (RR) No. 24-2025 on the imposition of Creditable Withholding Tax (CWT) on Top Withholding Agents. The Circular answers frequently asked questions on implementing RR No. 24-2025, including the one-half percent (1/2%) CWT on purchases from manufacturers and direct importers of covered goods intended for wholesale, the documentary requirements for establishing a supplier's status, the interpretation of 'intended for wholesale,' and when the preferential 1/2% rate applies. It also clarifies withholding tax rules for purchases of motor vehicles in CBU or SKD form, motorcycles, pharmaceutical products, and solid and liquid fuels, and prescribes corrective measures when an incorrect withholding rate was applied. The issuance aims to promote uniform implementation of RR No. 24-2025 and proper application of withholding tax rules; the full Circular is available on the BIR website.