Withholding Tax

Question: Are Electric Cooperatives exempt from withholding taxes (Income and VAT)? We have agencies who are not withholding taxes from their payments to the same Electric Cooperative telling that the Co-op told them that they are exempt. Please share relevant rules/regulations. As always, thanks!!! Answers | Comments Post Views: 1,782

The Bureau of Internal Revenue (BIR) made amendments to Revenue Regulation No. 10-2020, particularly on the extension of deadlines to submit, file and/or pay the necessary documents and/or taxes required under the Revenue Code, as amended, as well as in the existing revenue regulations, to comply with the provisions of Section 4(z) of RA No. 11469, also known as “Bayanihan to Heal As One Act”, declaring the existence of a national emergency due to COVID-19 pandemic, and in consideration of the extension of the Enhanced Community Quarantine (ECQ) until May 15, 2020. In view of the above, the new deadlines...