Executive Orders1 min read
Section 60Republic Act No. 265 as amended;, Sec./Art. 60
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Withholding Tax of 15 %. Aliens employed by regional or area headquarters of multinational corporations shall be subject for each taxable year upon their gross income received from the regional or area headquarters established in the Philippines by multinational companies as salaries, wages, annuities, compensations, remunerations, and emoluments to a tax equal to fifteen percentum of such gross income.
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