Top Withholding Agent (TWA)

Rates:

1. Regular Supplier of Tangible Goods – 1%

2. Regular Supplier of Services – 2%

Exception: No withholding is necessary if casual purchase of goods/services

from a non-regular supplier and oftentimes involve single purchase.

Notes:

• If single purchase is Php 10,000 or more, withholding is required.

• Regular suppliers refer to suppliers engaged in business or practice of

profession with whom the taxpayer/buyer has transacted at least six (6)

transactions regardless of amount either in previous or current year.

• Goods pertain to tangible personal property. It does not include

intangible personal property as well as agricultural products.

• Taxpayers will be notified through publication in the newspaper of

general circulation or BIR website.

• Withholding shall commence on the 1

st day of the month following the

month of publication.