Guidelines on MFN Clause in US-Philippines Tax Treaty

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BIR REVENUE MEMORANDUM CIRCULAR NO. 39-92: Guidelines on MFN Clause in US-Philippines Tax Treaty

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Title Source: Supreme Court: Guidelines on MFN Clause in US-Philippines Tax Treaty

Law: Bir Revenue Memorandum Circular No. 39-92

Decision Date: Jul 1, 1992

The BIR Revenue Memorandum Circular No. 39-92 establishes guidelines for the application of the "most favored nation" tax rate on royalties paid to U.S. residents, revoking previous rulings and requiring taxpayers to amend their withholding tax returns by October 30, 1992, to avoid penalties.

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