Filing Tax Returns for FCDU Income Procedures

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BIR REVENUE MEMORANDUM CIRCULAR NO. 14-2002, APRIL 10, 2002: Filing Tax Returns for FCDU Income Procedures

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Title Source: Supreme Court: Filing Tax Returns for FCDU Income Procedures

Law: Bir Revenue Memorandum Circular No. 14-2002, April 10, 2002

Decision Date: Apr 10, 2002

BIR Revenue Memorandum Circular No. 14-2002 establishes procedures for the filing of tax returns by banks with Foreign Currency Deposit Units, requiring separate Taxpayer Identification Numbers and distinct income tax returns for foreign currency transactions and regular banking activities to ensure compliance with tax regulations.

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