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Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

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Jan 13, 2015 deposit substitutes final withholding tax bir rulings treasury bonds tax law non-impairment

Clarifying Deposit Substitutes: The 20-Lender Rule and Tax Implications in Bond Transactions

The Supreme Court clarifies when treasury bonds qualify as deposit substitutes subject to 20% final withholding tax, and the limits of BIR ruling retroactivity.