"Royalties" Paid to a Juridical Person Not Subject to Withholding Tax Requirements Provided by Sec. 15, RR 1-82
BIR Ruling No. 024-84 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 31, 1984
Full text
January 31, 1984 BIR RULING NO. 024-84 24-a-000-00-024-84 Gentlemen : Anent your query dated 8 November 1983, as to whether or not "royalties" received by a juridical person is subject to the final withholding tax rate of 15% in accordance with the provisions of Sec. 15, Revenue Regulations No. 1-82, it is informed that "royalties" paid to a juridical person is not subject to the withholding tax requirements provided by the aforesaid regulations. Such income, however, is subject to the regular corporate income tax imposed under pertinent provisions of the Tax Code. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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