Revised Creditable Income Tax Rates on Professional Fees, Talent Fees, Etc. For Services Rendered

Revenue Regulations (RR) No. 14-2018 are regulations to amend certain provisions of RR No. 11-2018 particularly Section 2 & 14.

SECTION 2. AMENDATORY PROVISIONS - The provisions of Sections 2 and,14 of RR 11- 2018, are hereby amended as follows: 

"SECTION 2. Certatn 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, and talent fees or any other form of remuneration for the services rendered by the following: 

Individual payee: 

If gross income for the current )rear did not exceed P3M - Five percent (5%) 

If gross income is more than P3M or VAT Registered regardless of amount - Ten percent (10%)

Non-individual payee: 

Ten percenl (10%) s income for the current year did not exceed P720.000-Ten percent (10%); If gross income exceeds P720.000  - Fifteen percent (15%) 

Please refer: https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202018/RR%20No.%2014-2018.pdf of the full text of RR No. 20-2018.