BIR Ruling No. 063-82
BIR Ruling No. 063-82 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 5, 1982
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March 5, 1982 BIR RULING NO. 063-82 024-(b) 080-80 063-82 Northwest Securities, Inc. 2nd Floor, Zaragoza Bldg. Gamboa St., Legaspi Village Makati, Metro Manila Attention: Ms . Carmen V . Lim President Gentlemen : In reply to your letter dated September 16, 1980, I have the honor to inform you that it having been established that HongKong does not impose any tax on dividends received by corporation domiciled therein from foreign sources, the dividends to be remitted to Arab-Sino Holdings Limited, a non-resident foreign corporation domiciled in HongKong are subject only to the 15% withholding tax, prescribed by Section 24(b)(1)(iii) of the Tax Code, as amended. Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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