Ra Dagatan Accounting Taytay

20/07/2026

𝗕𝗜𝗥 𝗖𝗟𝗔𝗥𝗜𝗙𝗜𝗘𝗦 𝗖𝗥𝗘𝗗𝗜𝗧𝗔𝗕𝗟𝗘 𝗪𝗜𝗧𝗛𝗛𝗢𝗟𝗗𝗜𝗡𝗚 𝗧𝗔𝗫 𝗥𝗨𝗟𝗘𝗦 𝗙𝗢𝗥 𝗧𝗢𝗣 𝗪𝗜𝗧𝗛𝗛𝗢𝗟𝗗𝗜𝗡𝗚 𝗔𝗚𝗘𝗡𝗧𝗦 𝗨𝗡𝗗𝗘𝗥 𝗥𝗥 𝗡𝗢. 𝟮𝟰-𝟮𝟬𝟮𝟱

The Bureau of Internal Revenue (BIR) advises all Top Withholding Agents (TWA), manufacturers, direct importers, taxpayers, and other stakeholders that it has issued Revenue Memorandum Circular (RMC) No. 79-2026, which clarifies the provisions of Revenue Regulations (RR) No. 24-2025 on the imposition of Creditable Withholding Tax (CWT) on Top Withholding Agents.

The Circular provides answers to frequently asked questions on the implementation of RR No. 24-2025, including the application of the one-half percent (1/2%) CWT on purchases from manufacturers and direct importers of covered goods intended for wholesale. It also clarifies the documentary requirements for establishing a supplier's status, the proper interpretation of "intended for wholesale," and the circumstances under which the preferential 1/2% CWT rate applies.

In addition, RMC No. 79-2026 clarifies the application of the withholding tax rules to purchases involving motor vehicles in Completely Built Unit (CBU) or Semi-Knocked Down (SKD) form, motorcycles, pharmaceutical products, and solid and liquid fuels and related products. It also prescribes the appropriate corrective measures when an incorrect withholding tax rate has been applied.
The issuance aims to promote the uniform implementation of RR No. 24-2025, provide clearer guidance to withholding agents and taxpayers, and ensure the proper application of withholding tax rules in covered transactions.

For the full text of RMC No. 79-2026, visit the BIR website or access the Circular through this link: https://bir-cdn.bir.gov.ph/.../RMC%20No.%2079-2026... See less

11/03/2026

R.A. Dagatan Accounting and Consultancy Services was established on January 27, 2017. It is a duly registered business entity with the Department of Trade and Industry (DTI) of the Republic of the Philippines, the Business Bureau of Quezon City, and the Bureau of Internal Revenue (BIR). The firm was founded by Rechil A. Dagatan, a Certified Public Accountant in Public Practice with more than seventeen years of experience in government compliance, finance, and accounting reporting. Prior to establishing the firm, she served as an Accounting Manager in various companies across different industries, including retail and merchandising, manufacturing and export, manning agencies, logistics, shipping, dry docking, and ship repair. She is an active member of the Philippine Institute of Certified Public Accountants (PICPA) and is accredited as a CPA in Public Practice. Together with a team of competent professionals, R.A. Dagatan Accounting and Consultancy Services is committed to delivering high-quality services to its clients. The firm provides professional support in accounting and financial reporting, taxation, and government regulatory compliance with agencies such as the Securities and Exchange Commission (SEC), Department of Labor and Employment (DOLE), Local Government Units (LGUs), and other government institutions. The firm also offers business advisory and consultancy services to support clients in their operational and financial needs. Over the years, R.A. Dagatan Accounting and Consultancy Services has served a diverse range of clients in industries such as merchandising, import and export, construction, professional services, and consultancy, among others. Your growth is our business.

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