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    Letter To Suppliers

    Uploaded by

    Carol Ledesma Yap-Pelaez
    Kimwa-Iloilo Construction Development Corporation is informing all suppliers that as a withholding agent under Revenue Memorandum Circular No. 36-2019, it is required to deduct and remit a 1% or 2% creditable withholding tax from payments to suppliers for goods and services. Starting May 14, 2019, Kimwa-Iloilo will withhold the applicable taxes and provide suppliers with a Certificate of Creditable Withholding Tax at Source (BIR Form 2307) along with payments as proof of remittance to the Bureau of Internal Revenue. Copies of the relevant memorandum and withholding agent list are attached.

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    Letter To Suppliers

    Uploaded by

    Carol Ledesma Yap-Pelaez
    9K views1 page
    Kimwa-Iloilo Construction Development Corporation is informing all suppliers that as a withholding agent under Revenue Memorandum Circular No. 36-2019, it is required to deduct and remit a 1% or 2% creditable withholding tax from payments to suppliers for goods and services. Starting May 14, 2019, Kimwa-Iloilo will withhold the applicable taxes and provide suppliers with a Certificate of Creditable Withholding Tax at Source (BIR Form 2307) along with payments as proof of remittance to the Bureau of Internal Revenue. Copies of the relevant memorandum and withholding agent list are attached.

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    Kimwa-Iloilo Construction Development Corporation is informing all suppliers that as a withholding agent under Revenue Memorandum Circular No. 36-2019, it is required to deduct and remit a 1% or 2% creditable withholding tax from payments to suppliers for goods and services. Starting May 14, 2019, Kimwa-Iloilo will withhold the applicable taxes and provide suppliers with a Certificate of Creditable Withholding Tax at Source (BIR Form 2307) along with payments as proof of remittance to the Bureau of Internal Revenue. Copies of the relevant memorandum and withholding agent list are attached.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9K views1 page

    Letter To Suppliers

    Uploaded by

    Carol Ledesma Yap-Pelaez
    Kimwa-Iloilo Construction Development Corporation is informing all suppliers that as a withholding agent under Revenue Memorandum Circular No. 36-2019, it is required to deduct and remit a 1% or 2% creditable withholding tax from payments to suppliers for goods and services. Starting May 14, 2019, Kimwa-Iloilo will withhold the applicable taxes and provide suppliers with a Certificate of Creditable Withholding Tax at Source (BIR Form 2307) along with payments as proof of remittance to the Bureau of Internal Revenue. Copies of the relevant memorandum and withholding agent list are attached.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    May 11, 2019

    To all supplier of goods and services:

    Good day!

    We would like to inform all of our suppliers that the Bureau of Internal Revenue has released
    a Revenue Memorandum Circular No. 36-2019 dated March 4, 2019 with subject:
    “Circularizing the Additional Lists of Withholding Agents Required to Deduct and Remit the
    1% or 2% Creditable Withholding Tax for the Purchase of Goods and Services under
    Revenue Regulations No. 11-2018”.

    With reference to RMC 36-2019, Kimwa-Iloilo Construction Development Corporation is


    deemed required to withhold from its suppliers of goods and services 1% and 2% Creditable
    Withholding Tax respectively. Such memorandum has been effected since April 1st of this
    year, thus we are mandated to follow with BIR Rulings immediately.

    In compliance with the said regulations, we will start withholding 1% and 2% (as applicable)
    in our income payments to you starting this Tuesday, 14th day of May 2019. Along with our
    payments we will issue a Certificate of Creditable Withholding Tax at Source (BIR Form
    2307) as proof that we have indeed withheld taxes and remit the same to BIR.

    Attached to this letter are copies of Revenue Memorandum Circular No. 36-2019 and
    Withholding Tax Agents Non-Individual List for your perusal. Thank you and hoping for a
    perpetual business relationship in the coming years.

    Sincerely,

    JOSELITO Y. LUA
    President/CEO

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