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DST and GRT on Special Savings Accounts: Philippine Veterans Bank Ruling
The Supreme Court ruled special savings accounts are subject to documentary stamp tax and that final withholding taxes count toward gross receipts tax.
Gross Receipts TAX Final Withholding TAX Inclusion IN Bank Income 2
Gross Receipts Tax: Final Withholding Tax Included in Bank's Tax Base
Supreme Court rules 20% final withholding tax on bank passive income forms part of gross receipts for computing 5% gross receipts tax.
Gross Receipts TAX THE Inclusion OF Final Withholding TAX IN Banks Taxable Income
Gross Receipts TAX Including Final TAX IN THE TAX Base FOR Banks
Gross Receipts TAX Inclusion OF Final Withholding TAX IN Bank Income
Gross Receipts Tax: When Withheld Interest Income Still Counts for Banks
Philippine Supreme Court ruling on whether the 20% final withholding tax on banks' passive income forms part of gross receipts for the 5% gross receipts tax.
Gross Receipts Tax on Banks Includes Withheld Interest Income
Supreme Court rules the 20% final withholding tax on interest income forms part of a bank's gross receipts for gross receipts tax purposes.