Tax Increase on Rentals by Non-Resident Lessors

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EXECUTIVE ORDER NO. 437: Tax Increase on Rentals by Non-Resident Lessors

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Title Supreme Court: Tax Increase on Rentals by Non-Resident Lessors

Law: Executive Order No. 437

Decision Date: Nov 23, 1990

Corazon C. Aquino increases the tax on rentals, charters, and fees earned by non-resident lessors of aircraft from 7.5% to 8.5% to address income tax regressivity while maintaining a preferential rate compared to the standard corporate tax.

rental income

resident lessors

aircraft tax

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