Tax treatment of Japanese contractors in PH

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Title Supreme Court: Tax treatment of Japanese contractors in PH

Law: Bir Revenue Memorandum Circular No. 42-99

Decision Date: Jun 2, 1999

The BIR Revenue Memorandum Circular No. 42-99 exempts Japanese contractors and nationals involved in OECF-funded projects from various fiscal levies and taxes, mandating Philippine government agencies to assume these tax obligations while outlining specific VAT and income tax procedures for compliance.

tax exemption

revenue circular

fiscal levies

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