Summary
RMO No. 15-2002, issued June 7, 2002, creates the Alphanumeric Tax Code WC390 for Final Withholding Tax on interest payments to taxpayers enjoying preferential tax rates of 5%.
Key points
- New tax code. The Alphanumeric Tax Code WC390 is created for Final Withholding Tax on interest payments to taxpayers enjoying preferential tax rates of 5%.
Who is affected
- Taxpayers enjoying preferential tax rates of 5% on interest payments
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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