Ratification of the Tax Convention Between the Government of the Philippines and the Government of Canada
Presidential Decree No. 1510, ratified on June 11, 1978, formalizes the tax convention between the Philippines and Canada aimed at avoiding double taxation and preventing fiscal evasion on income taxes. The agreement, initially negotiated in 1976, seeks to facilitate investment, enhance trade relations, and promote the exchange of technology between the two nations. This decree underscores the commitment of the Philippine government to foster economic cooperation with Canada. It was officially published in the Official Gazette on December 25, 1978.
Law Information
- Reference Number
- Presidential Decree No. 1510
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 11, 1978
PRESIDENTIAL DECREE NO. 1510
RATIFYING THE TAX CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES AND THE GOVERNMENT OF CANADA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME
WHEREAS, the tax convention between the Government of the Republic of the Philippines and the Government of Canada had been negotiated and concluded on March 11, 1976; cd i
WHEREAS, the convention provides for the means of the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income;
WHEREAS, the convention encourages the flow of investments, promotion of trade and commercial relations and the flow of technology between the two countries;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President and Prime Minister of the Philippines, by virtue of the power vested in me by the Constitution, do hereby ratify the convention between the Government of the Republic of the Philippines and the Government of Canada for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
DONE in the City of Manila, this 11th day of June, in the year of Our Lord, Nineteen Hundred and Seventy-Eight.
Published in the Official Gazette, Vol. 74 No. 52 Page 11211 on December 25, 1978.
Cite This Law
Ratification of the Tax Convention Between the Government of the Philippines and the Government of Canada, Presidential Decree No. 1510, Jun 11, 1978 (Philippines)
Ratification of the Tax Convention Between the Government of the Philippines and the Government of Canada, Presidential Decree No. 1510 (Phil. 1978)
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