BIR Ruling No. 169-82
BIR Ruling No. 169-82 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 7, 1982
Full text
May 7, 1982 BIR RULING NO. 169-82 24 (f) 121-82 169-82 Citibank, N. A. 8741 Paseo de Roxas Makati, Metro Manila Attention: P . G . Tarriela Vice-President Gentlemen : In reply to your letter dated March 25, 1982, please be informed that the 10% final withholding tax imposed by Section 24(f) of the Tax Code, as amended, shall be based on the total or gross interest income paid to and received by your Foreign Currency Deposit Unit (FCDU) from its foreign currency loan transactions with residents consisting not only of the spread but also of the stipulated offered and prevailing rate of interest per loan agreement . cdtech Very truly yours, RUBEN B. ANCHETA Acting Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.