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Dividends, interests and royalties: New procedures for tax treaty relief

Dividends, interests and royalties

by Andrew James Gerard Dulay Ruiz


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dividends, interests and royalties

Towards improving the efficient administration of tax treaties, the Bureau of Internal Revenue (BIR) now adopts the self-assessment and automatic withholding of taxes on income of non-residents deriving dividends, interest and royalties from sources within the Philippines at applicable tax treaty rates, subject to post reporting validation. What does it mean?

Revenue Memorandum Order (RMO) No. 08-2017 provides the new procedures that non-residents (individuals or juridical entities) and their respective withholding agents in the Philippines have to follow so that the rate of withholding tax used on dividends, interests and royalties shall be the corresponding tax treaty rates. 

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