Executive Orders1 min read
Section 63Republic Act No. 265 as amended;, Sec./Art. 63
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Exemption from Income Tax. Regional or area headquarters established in the Philippines by multinational corporations and which headquarters do not earn or derive income from the Philippines and which act as supervisory, communications and coordinating center for their affiliates, subsidiaries, or branches in the Asia-Pacific Regional shall not be subject to income tax.
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