Interest income on RTBs is subject to the 20% final withholding tax. Only tax-exempt institutions, duly certified as such by the Bureau of Internal Revenue, are exempt from payment of the 20% final withholding tax.
Interest income on RTBs is subject to the 20% final withholding tax. Only tax-exempt institutions, duly certified as such by the Bureau of Internal Revenue, are exempt from payment of the 20% final withholding tax.