Summary
RMC No. 34-2018 notifies that the Philippines-Sri Lanka Double Taxation Agreement has entered into force and states when it applies and how to apply for treaty relief.
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Key points
- Entry into force. The Agreement on avoidance of double taxation and prevention of fiscal evasion on income entered into force on March 14, 2018.
- Effect. The Convention has effect on income arising in the Philippines beginning January 1, 2019.
- Treaty relief applications. Applications are filed with the International Tax Affairs Division, Room 811, BIR National Office Building, Diliman, Quezon City. The Sri Lankan resident income earner or an authorized representative files a BIR Form 0901 or a Certificate of Residence for Tax Treaty Relief, whichever applies, with the required documents under RMO Nos. 72-2010 and 08-2017.
Who is affected
- Sri Lankan resident income earners
- Revenue officers and employees
Deadlines and effectivity
- Entered into force March 14, 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.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.