BIR Ruling No. 181-83
BIR Ruling No. 181-83 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 11, 1983
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October 11, 1983 BIR RULING NO. 181-83 Gentlemen : This refers to your letter dated April 8, 1983 requesting confirmation that Vickers, Da Costa & Company, a company incorporated in HongKong is entitled to the reduced 15% withholding tax on dividends from domestic corporations. In reply, please be informed that it having been established that HongKong does not impose any tax on dividend income received the corporations domiciled therein from foreign sources, the dividends from sources within the Philippines remitted to Vickers, Da Costa & Company are subject only to 15% withholding tax, pursuant to Section 24(b)(i)(iii) of the Tax Code. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue
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