New Procedures for Claiming Tax Treaty Benefits for Dividends, Interest, and Royalty Income
The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 70-2020, pursuant to the provisions of Revenue Regulations (RR) No. 14-2020, circularizing the list of expired Tax Credit Certificates (TCCs). The published TCCs are considered expired by the time of effectivity of the RR No. 14-2020 on June 13, 2020.
This circular shall be considered an adequate notice to the involved taxpayer-owners of the TCCs.