Dividends Declared by a Domestic Corporation and Actually Paid to Nonresident Alien Individuals
BIR Ruling No. 623-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 17, 1959
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December 17, 1959 BIR RULING NO. 623-59 Sycip, Gorres, Velayo & Co. Certified Public Accountants 490 San Luis, Manila Gentlemen : In reply to your letter dated December 15, 1959, I have the honor to inform you that dividends declared by a domestic corporation in 1959 and actually to be paid to nonresident alien individuals on January 15, 1960 shall be subject to withholding tax in that year and must be returned for the withholding income tax on or before April 15, 1961. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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