10% Overseas Tax
BIR Ruling No. 123-79 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 12, 1979
Full text
December 12, 1979 BIR RULING NO. 123-79 10% overseas tax In reply to your letter dated September 27, 1979, please be informed that since that firm is a service contractor exempt from the payment of all taxes except income tax pursuant to the provisions of P.D. No. 87, as amended, payments made by that firm on outgoing telecommunication services are exempt from the 10% overseas tax prescribed in Section 290-A of the Tax Code, as amended. (BIR Ruling No. 036-79) cdt
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