RMC No. 15-2002: Circularizes BIR Ruling No. 12-02 which contains the interpretation of the term “engaged in preferred areas of activities” used under tax treaty article on royalties

Summary

RMC No. 15-2002, issued April 26, 2002, circularizes BIR Ruling No. 12-02. The ruling interprets the term “engaged in preferred areas of activities” used in Article 12 on Royalties of the tax treaty between the Republic of the Philippines and the Netherlands.

Key points

1. Ruling circularized. BIR Ruling No. 12-02 is circularized.
2. Subject of the interpretation. The ruling interprets the term “engaged in preferred areas of activities” under Article 12 on Royalties of the Philippines-Netherlands tax treaty.

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.