RMC No. 33-2018: Notifies the entry into force, effectivity and applicability of the Renegotiated Philippines-Thailand Double Taxation Convention

Summary

RMC No. 33-2018 notifies that the Renegotiated Philippines-Thailand Double Taxation Convention has entered into force and states when it applies and how to apply for treaty relief.

Key points

1. Entry into force. The Renegotiated Convention on avoidance of double taxation and prevention of fiscal evasion on income entered into force on March 5, 2018.
2. Effect. It has effect on income arising in the Philippines beginning January 1, 2019.
3. Treaty relief applications. Applications are filed with the International Tax Affairs Division, Room 811, BIR National Office Building, Diliman, Quezon City. The Thai resident income earner or an authorized representative files a BIR Form 0901 or a Certificate of Residence for Tax Treaty Relief (CORTT Form), whichever applies, with the required documents under RMO Nos. 72-2010 and 08-2017.

Who is affected

• Thai resident income earners
• Revenue officers and employees

Deadlines and effectivity

• Entered into force March 5, 2018
• Effective on Philippine-source income beginning January 1, 2019

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