On 23 June 2016, the Philippines Bureau of Internal Revenue (BIR) Issued Revenue Memorandum Order (RMO) 27-2016, which sets out new procedures for claiming tax treaty benefits on dividend, interest and royalty income from sources within the Philippines. It replaces RMO 72-2010.
Under RMO 27-2016, the basic procedures and requirements for preferential treaty rates are as follows:
- Preferential withholding tax rates under a treaty are granted outright using the applicable rates shown in Annex…