Tax on Interest Income from Non-Securitized Loans

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BIR REVENUE MEMORANDUM CIRCULAR NO. 84-2012: Tax on Interest Income from Non-Securitized Loans

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Title Supreme Court: Tax on Interest Income from Non-Securitized Loans

Law: Bir Revenue Memorandum Circular No. 84-2012

Decision Date: Dec 21, 2012

This circular clarifies that interest income from loans not securitized, assigned, or participated out, specifically for the Top Twenty Thousand Corporations, is subject to a two percent Creditable Withholding Tax, while revoking any inconsistent prior rulings.

tax treatment

interest income

withholding tax

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