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11 - Final Tax (Passive Income) LECTURE TRANSCRIPT
11 - Final Tax (Passive Income) LECTURE TRANSCRIPT
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v Application of the 15% preferential tax rate on intercorporate dividends paid to NRFC under
Tax Sparing Rule:
Section 28(B)(5)(b) (RMO No. 27-2016)
v The tax sparing rule shall apply to an NRFC which is a resident or is domiciled in a country
which: (1) has no effective tax treaty with the Philippines; (2) has a worldwide system of
taxation; and (3) allows a tax credit against the tax due from the NRFC dividend taxes deemed
to have been paid in the Philippines equivalent to 15%.
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BREAK 1.04110
FINAL TAX FILINGS
Form Deadline
BIR Form No. 0619-F - 10th day of the following month at
Monthly Remittance Form for Final which the withholding was made.
Income Taxes Withheld (RR 11-2018)
BIR Form No. 1601-FQ - Filed not later than the last day of the
Quarterly Remittance Return of Final month, following the end of the taxable
Income Taxes Withheld quarter during which the withholding
tax was made.