Exchange Rate Rules for Tax Conversion

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BIR REVENUE MEMORANDUM CIRCULAR NO. 76-91: Exchange Rate Rules for Tax Conversion

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Title Source: Supreme Court: Exchange Rate Rules for Tax Conversion

Law: Bir Revenue Memorandum Circular No. 76-91

Decision Date: Sep 12, 1991

BIR Revenue Memorandum Circular No. 76-91 establishes the rules for converting U.S. dollars and other foreign currencies to Philippine pesos for the income tax obligations of non-resident citizens, utilizing average interbank reference rates for the relevant taxable year.

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