Philippines: Guidance on income tax exemption of foreign-sourced dividends received by domestic corporation
Regulations issued amend RR No. 05-2021 on requirements for income tax exemption of foreign-sourced dividends received by a domestic corporation
Guidance on income tax exemption of foreign-sourced dividends
The Department of Finance (DOF) issued Revenue Regulations (RR) No. 05-2023 (dated 7 March 2023) amending RR No. 05-2021 on the requirements for the income tax exemption of foreign-sourced dividends received by a domestic corporation.
The RR took effect on 25 May 2023, following its publication in the Manila Times.
Read a May 2023 report prepared by the KPMG member firm in the Philippines
For additional discussion of RR No. 05-2023, read a June 2023 report prepared by the KPMG member firm in the Philippines
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