BIR Ruling Excluding Long-Term IOUs from 20% Withholding Tax LaudedThe Money Market Association of the Philippines (MART) welcomed the new ruling of the Bureau of...Sionil, Fil C
65-2012 issued in 2012 that imposed the taxes, referring only to old BIR rulings on a related issue. "Since the CTA did not rule on the validity of RMC 65-2012, therefore, it is the prevailing rule today and all concerned taxpayers are required to comply with the provisions of said ...