BIR orders hospitals to withhold taxes from doctors’, medical practitioners’ pay

By Michelle V. Remo

Philippine Daily Inquirer

8:04 pm | Tuesday, September 24th, 2013

Internal Revenue Commissioner Kim Henares

MANILA, Philippines — The Bureau of Internal Revenue has issued a regulation requiring hospitals to withhold taxes from income of doctors and other medical practitioners.

The BIR has set the withholding tax rate at 15 percent if the annual income of a medical practitioner exceeds P720,000, and has set it at 10 percent for income less than P720,000.

The revenue regulation, No. 14-2013, was signed by BIR Commissioner Kim Henares and Finance Secretary Cesar Purisima. It was made public on Monday via the BIR’s website.

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Tags: Bureau of Internal Revenue , Business , doctors , income tax , medical practitioners , professionals , withholding tax

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