Section 16Sec./Art. 16

Section 57 of the National Internal Revenue Code of 1997, as amended, is hereby amended to read as follows:

"Section 57. Withholding of Tax at Source. -

(A) Withholding of Final Tax on Certain Incomes. - Subject to rules and regulations the Secretary of Finance may promulgate, upon the recommendation of the Commissioner, requiring the filing of income tax return by certain income payees, the tax imposed or prescribed under Section 24(B), 25(A), 25(B), 27(D), 28(A)(1), 28(A)(4), 28(A)(6), 28(B), 33 , and 282 of this Code on specified items of income, subject to final tax, shall be withheld by payor-corporation and/or person and paid in the same manner and subject to the same conditions as provided in Section 58 of this Code.

x x x."