Gross Receipts Tax on Banks and Quasi-Banks

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BIR REVENUE REGULATIONS NO. 9-2004: Gross Receipts Tax on Banks and Quasi-Banks

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Title Source: Supreme Court: Gross Receipts Tax on Banks and Quasi-Banks

Law: Bir Revenue Regulations No. 9-2004

Decision Date: Jun 21, 2004

BIR Revenue Regulations No. 9-2004 re-imposes a gross receipts tax on banks and non-bank financial intermediaries performing quasi-banking functions, effective January 1, 2004, establishing specific tax rates based on the maturity of financial instruments and types of income generated.

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