Bureau of Internal Revenue

Prescribed Forms to Avail Income Tax Exemption of Foreign-Sourced Dividends Received by Domestic Corporation

Jul 5, 2023

Series
This post is part 4 of the "Think Tax August 2023" series
Regulations
  • Revenue Memorandum Circular No. 74-2023 Jul 05, 2023

Considering that the prescribed templates pursuant to RR No. 5-2023 only included dividend income received from a single source, Annex “A” and “B” of this Circular now provides for the standard templates in case the domestic corporation receives multiple foreign-sourced dividends qualified for the income tax exemption pursuant to the aforesaid provision. Annexes “A” and “B” can be found here.

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