, Philippines

Philippine banks forced to declare tax on interest income from Central Bank

This covers years 2009 to 2013.

According to Maybank Kim Eng, The central bank of the Philippines (BSP) issued a memorandum requiring all banks and non-banks performing quasi-banking functions to submit to the Bureau of Internal Revenue proofs of remittance of tax paid on interest income received from the BSP. This covers years 2009 to 2013.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!