GCash Advisories: Navigating the Philippine Third-Party Payment Landscape

Advisories and Key Updates

  1. Advisory on Revenue Regulation 16-2023

    • Updated 2 months ago | 2-minute read

    • Starting July 2024, GCash will implement Revenue Regulation (RR) No. 16-2023. This regulation mandates digital financial services providers like GCash to withhold a 1% tax on half of the total gross remittances to sellers for goods or services sold by or paid to merchants through GCash.

    • Affected Parties: All merchants currently registered with GCash, except those who have not derived an annual cumulative gross remittance of PHP 500,000. Merchants must submit a BIR-stamped Sworn Declaration to determine if they meet the threshold and are subject to withholding. Customers are not affected.

    • Next Steps: To comply with the regulation, merchants must submit the following documents: BIR Certificate of Registration (BIR Form No. 2303 / COR), Certificate of Tax Exemption or Proof of Lower Income Tax (if applicable), and a Sworn Declaration stamped by the BIR. Submit your requirements to GCash via this link.

    • For more details, refer to the full text of RR No. 16-2023 on the BIR's website.

  2. Advisory for Using GCash on iPhone with iOS 13 and Below

    • Discover essential tips and tricks for using GCash on iPhone devices running iOS 13 and below. Learn how to optimize your GCash experience on older iOS versions and ensure seamless transactions.

  3. Shift of SMS Messages to GCash App Inbox

    • Stay updated with the latest changes in GCash's notification system. Find out how SMS messages are being shifted to the GCash app inbox and how to access your notifications more efficiently.

  4. GCash Updated Terms and Conditions

    • Familiarize yourself with the latest updates to GCash's terms and conditions. Understand the changes and how they affect your GCash account and transactions.

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Stay informed with the latest GCash advisories and updates. Explore our Featured Articles section for more valuable insights and tips on navigating the Philippine third-party payment landscape with GCash.


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