Creditable Tax on Refund Interest by Utilities

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BIR REVENUE REGULATIONS NO. 2-2009: Creditable Tax on Refund Interest by Utilities

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Title Supreme Court: Creditable Tax on Refund Interest by Utilities

Law: Bir Revenue Regulations No. 2-2009

Decision Date: Feb 4, 2009

BIR Revenue Regulations No. 2-2009 mandates that the interest portion of meter deposit refunds from MERALCO and other distribution utilities to both residential and non-residential electricity consumers is subject to creditable withholding tax, ensuring tax compliance on these interest payments.

withholding tax

revenue regulations

meter deposit

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