Amendment to Tax Provisions on Non-Residents

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Republic Act No. 3841: Amendment to Tax Provisions on Non-Residents

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Title Supreme Court: Amendment to Tax Provisions on Non-Residents

Law: Republic Act No. 3841

Decision Date: Jun 22, 1963

This act amends the National Internal Revenue Code to impose a 20% tax on non-resident aliens and a 30% tax on foreign corporations for income sourced within the country, effective upon approval.

national internal

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Tax on Foreign Corporations Not Engaged in Trade or Business within the Philippines

Levies a tax on income from all sources within the Philippines received by foreign corporations not engaged in trade or business within the country.
Taxable income includes the same types as for non-resident alien individuals: interest, dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, fixed or determinable gains, profits, incomes, and capital gains.
A flat tax rate of 30% is imposed on such income.
This tax is in lieu of other taxes imposed under the preceding paragraph of the law.

Effectivity of the Act

The amendments take effect upon approval of this Act.
The date of approval is June 22, 1963.

END