Tax Advisory No. 1 prescribing the payment of creditable and final withholding taxes not later than the last day of the month following the close of taxable quarter during which the withholding tax was made, in relation to the amendment of the provisions of Section 58 of the NIRC, as amended by RA No. 10963 (TRAIN Law).
In relation with the amendments made on the provisions set in Section 58 of the National Internal Revenue Code (NIRC), as amended within the provisions of Republic Act No. 10963, also known as the Tax Reform for Acceleration and Inclusion (also known as TRAIN Law), this tax advisory contains the regulations prescribing that the payment for both creditable and final withholding taxes shall be accomplished not later than the last day of the month after the closing of taxable quarter during the event when the withholding tax was made.
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