Philippine National Red Cross
FIRB Resolution No. 017-85 • Fiscal Incentives Review Board • Resolutions • Feb 27, 1985
Full text
February 27, 1985 FIRB RESOLUTION NO. 017-85 SUBJECT : Philippine National Red Cross BE IT RESOLVED, AS IT IS HEREBY RESOLVED, That effective October 15, 1984 the interest income of the Philippine National Red Cross from its bank deposits and yield on any other monetary benefit from deposits substitutes, trust funds and other similar arrangements are subject to the (15%) final withholding tax. Said tax shall however, be refunded to the Philippine National Red Cross upon presentation of proof of such withholding and other relevant information as may be required by the Bureau of Internal Revenue. cdt (SGD.) CESAR E. A. VIRATA Minister of Finance Chairman FIRB
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