What are the duties and obligations of the withholding agent?

12) What are the duties and obligations of the withholding agent?

The following are the duties and obligations of the withholding agent:

a) To Register - withholding agent is required to register within ten (10) days after acquiring such status with the Revenue District office having jurisdiction over the place where the business is located

b) To Deduct and Withhold - withholding agent is required to deduct tax from all money payments subject to withholding tax

c) To Remit the Tax Withheld - withholding agent is required to remit tax withheld at the time prescribed by law and regulations

d) To File Annual Return - withholding agent is required to file the corresponding Annual Information Return at the time prescribed by law and regulations

e) To Issue Withholding Tax Certificates - withholding agent shall furnish Withholding Tax Certificates to recipient of income payments subject to withholding

Source : http://www.bir.gov.ph/index.php/tax-information/withholding-tax.html#wt0013