Philippines: Dividends, interest, royalties | KPMG | GLOBAL
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Philippines: Dividends, interest, royalties; new procedures for tax treaty relief

Philippines: Dividends, interest, royalties

The Bureau of Internal Revenue (BIR) has adopted a self-assessment and automatic withholding of taxes on income of non-residents receiving dividends, interest, or royalties from sources within the Philippines at rates under applicable tax treaties.


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Revenue Memorandum Order (RMO) No. 08-2017 sets out the new procedures that non-residents (individuals or legal entities) and their respective withholding agents in the Philippines must follow so that the rate of withholding tax for dividend, interest, and royalty payments will correspond to the withholding tax rates under the income tax treaty. 


Read a 2017 report prepared by the KPMG member firm in the Philippines

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