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Expanded Withholding Tax and Input VAT

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1 Expanded Withholding Tax and Input VAT on Wed Jan 23, 2013 8:24 pm


Arresto Menor
ABC Corp entered into a service contract to XYZ Comp. XYZ Comp has a subcontractor (Subcon Corp) to do the project.

ABC Corp paid Subcon Corp in behalf of XYZ Corp and ABC Corp withheld 2% withholding tax to Subcon payment and remit the same to BIR under Subcon as supplier. ABC Corp recognised advances to XYZ Corp on the gross amount.

XYZ Corp wanted to apply the said advances to its contract with ABC Corp as payment, will ABC Corp withhold tax to XYZ Corp even though this is just 1 and same transaction? and recognised the input vat?

Please advise what to do?

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